Kirit Parikh committee is likely to recommend an end user price cap of $ 6-7 per metric million british thermal unit (mmbtu) on gas prices. It’s likely to submit the report by the first week of November 2022.
In order to review the formula that dictates the pricing of gas, the committee was constituted in September 2022. It is likely to issue separate recommendations for city gas distribution(CGD), fertiliser and power plant companies.