Kelkar committee is likely to submit its report
on the natural gas pricing formula to the government by September 2013, media reports indicate.
Under the Chairmanship of Vijay Kelkar, a committee was formed by the union oil Minister Veerappa Moily in March 2013 to suggest steps for enhancing domestic oil and gas production. Later, its scope was expanded to suggest market-based pricing formula for gas produced beyond March 2017.
Meanwhile, government proposes to fix natural gas price for less than four years in line with the recommendation of the Rangarajan Committee report.
The Rangarajan Committee said that its proposed pricing formula could be reviewed after five years with an aim to have a market-determined price for gas.
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