👉The Ministry of Petroleum and Natural Gas has set up a committee under noted energy expert Kirit Parikh to review the current gas pricing formula.
👉Consumption of LPG in the country – mainly used as cooking fuel – rose 3.75% in January to a record high of 2.569 million tonnes in January.
👉The flagship scheme of the government Pradhan Mantri Ujjwala Yojana (PMUY) has made a significant contribution to enhancing the penetration of LPG, especially in rural areas.
👉The renewed targets under the Pradhan Mantri Ujjwala Yojana (PMUY) aim to provide LPG connections to 10 crore households before January 31, 2022.
👉The panel has been asked to recommend a fair price to end consumers and also suggest a “market oriented, transparent and reliable pricing regime for India’s long-term vision for ensuring a gas-based economy