The Central Government has recently constituted a committee under the chairmanship of Kirit Parikh.
It aims to control and reduce the continuous increase in LPG gas prices.
A representative each from private companies involved in city gas distribution, public gas company GAIL India Limited, Indian Oil Corporation and the Ministry of Fertilizers has been included in this committee.
This committee will decide the formula for better pricing for domestic gas production.
This committee will also review the formula for fixing the price of gas produced by companies like ONGC and Reliance.