Panel to re­view gas pric­ing plan

The Political and Business Daily - - FRONT PAGE -

Nearly a month af­ter it put nat­u­ral gas price re­vi­sion on hold, the govern­ment will ap­point a panel un­der ex-Power Min­is­ter Suresh Prabhu to re­view a pric­ing for­mula ap­proved by the pre­vi­ous UPA regime.

The Cabi­net had on June 25 de­ferred the im­ple­men­ta­tion of the Ran­gara­jan­pric­ing for­mula, which would have dou­bled cur­rent gas rates to at least $8.4 per unit till Septem­ber 30 for con­duct­ing a com­pre­hen­sive re­view of the whole is­sue.

The panel will com­prise of Pratap Bhanu Me­hta, Pres­i­dent and Chief Ex­ec­u­tive of Cen-tre for Pol­icy Re­search and Bibek De­broy of the same in­sti­tute, an Oil Min­istry of­fi­cial said.

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