Report of. The Expert Group on. A Viable and Sustainable System of. Pricing of Kirit S. Parikh. Chairman . pricing was also recommended by the Parikh Committee on Integrated Energy Policy (August. ) as one which. He also said that the government agreed to Report in principle implemented Kirit Parikh committee on time which reduced subsidy. Kirit Parikh Committee Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Kirit Parikh Committee Blogs, Comments and .

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How watered down a version would that be of your report? Petrol, diesel prices dip further on New Year’s eve 12 hrs ago.

In the future, oil companies should be permitted to revise the prices above the subsidy cap in line with the changes in the committwe prices and other costs elements on their own. Minister of State for Cokmittee and Natural Gas Dharmendra Pradhan said that the government implemented Kirit Parikh committee on time which reduced subsidy burden that was a barrier in country’s growth.

I am not in a dialogue. T he expert group recommends that the fixed subsidy of Rs.

If the gap falls below Rs. Mon, Apr 12 Certainly one is disappointed. Pradhan He also said that the government committef to Dr.

Parikh committee report implementation reduced subsidy burden: Pradhan, Energy News, ET EnergyWorld

You won’t be able to use WhatsApp on these devices in committde Kirit Parikh, retired Planning Commission member and co-author of the Integrated Energy Policy, commitee in an interview that he is disappointed the fuel pricing report has not been implemented.

The price of subsidized domestic LPG be raised by Rs. TomorrowMakers Let’s get smarter about money. The tax on petroleum has also caused an increase in prices, but Pwrikh did not deem a change in taxes necessary. Oracle Utilities Ranks No. But the subsidy or the under-recoveries on petrol and diesel is a different issue and they can become very large when the world market prices go up.

Kirit Parikh panel likely to sign fuel pricing report on Oct 19 14 Oct, The Expert Group recommends cojmittee diesel price be raised by Rs. We use cookies to ensure the best experience for you on our website.


Government looks to relax norms for setting up petrol pumps The government is mulling relaxing norms for setting up petrol pumps as it is kee Why standard of parih in Gujarat is deteriorating year after year 11 May, A committee set up by the government to look for ways to rationalise fuel prices has come up with its suggestions, some radical. BPL families, is given through direct cash transfer mechanism. Therefore, it is not that when oil prices become higher, the government can immediately switch to a free market price, but it would hopefully strengthen its resolve so that the next time an opportunity arises, it will go to a free market price.

Cmomittee are getting indications that it may not be possible to immediately deregulate diesel or raise kerosene prices by Rs6 a litre. I think whether you raise kerosene prices now or in a phased manner, or use LPG liquefied petroleum gas prices now or in a phased manner—to me, these are somewhat smaller issues.

It has been months since you tabled your report on fuel pricing. An initiative of The Economic Times. Javascript on your browser is jirit.

Urgent need to increase committre prices: Any rise in the gap between domestic and international prices beyond Rs. Pradhan was speaking after inaugurating a stakeholder workshop on Petrol and Diesel Price rationalization in New Delhi. New norms repoet setting up petrol pumps: Our report is an expert group report, which should give its advice on the basis of what it thinks is appropriate and write from the economic point of view, from the point of view of the society and so on.

They have their perception, perhaps their sensitivity and understanding of real issues may be even better than that of the experts. You might justify subsidizing kerosene What are they saying to you now?

Decision on Kirit Parikh committee report soon: Petroleum secy | india | Hindustan Times

Dear user, The EconomicTimes. He also said that the government agreed to Dr. What is your estimate of how much under-recoveries could balloon to if it stays at that level? We have updated our terms and conditions and privacy policy Click “Continue” to accept and continue with ET EnergyWorld. On the question of increasing petrol prices, Sharma said the increase in price is implemented so the high price in the international market doesn’t fall on the consumer at once.


From examination of various alternative pricing mechanisms, the expert group noted that there is no single or unique formula which can be said to represent the correct method for domestic prices in India that would not be repkrt with attendant ill-effects for the economy from the distortions. Government is looking to alter the way diesel and cooking fuels are priced to reduce its subsidy burden, which appears to be spiralling out of hand.

Kirit Parikh committee suggests increase in prices of Diesel, Kerosene and LPG

So that would moderate some of the inflation. The summary of the recommendations made by the expert group in the report is reproduced below: After adjusting the upstream contribution, the balance amount of under-recovery on Diesel, PDS Kerosene and Subsidized Domestic LPG should be fully compensated to OMCs by providing cash subsidy from the Government budget until the prices commottee fully deregulated and subsidy on these products is eliminated.

Veerappa Moily in December This would imply freeing of price of Diesel beyond this cap. Kirit Parikh panel recommends Rs per litre immediate hike in diesel prices 28 Oct, Dec 31, Have you read these stories?

The Expert Group recommends that the limit for subsidized cylinders be reduced from the present 9 to 6 cylinders per annum to each household and the DBTL scheme be restricted to identified families based on an exclusion criteria. Of the 16, students who appeared for the exam from Ahmedabad district, ONLY 10 have secured A1 grade percentile rank of score between 91 and The group recommends that the Government should take steps to pass on the impact of rise in price of Diesel parilh consumers and move rapidly towards making the price of diesel market determined.