Union Finance Minister P Chidambaram has stated that the Cabinet Committee on Economic Affairs on June 21 deferred a decision on domestically produced natural gas pricing. Chidambaram said that the Union Minister for Petroleum & Natural Gas, M Veerappa Moily had to go to Agartala and that’s why the deferment. Hopefully, the government would like to take a decision next week when the Minister is back, Chidambaram said.
Marpadi Veerappa Moily was in Tripura for the inauguration of ONGCÂ’s power plant by President Pranab Mukherjee.
What is amusing is the fact that the issue of gas pricing was pushed as part of additional items to be considered by the CCEA on June 20, at the behest of the Petroleum Ministry. On June 19, the Petroleum Ministry had circulated the CCEA note for considering fixation of domestically produced natural gas based price on the recommendations of the C Rangarajan Committee on Production Sharing Mechanism in the Petroleum Industry.
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