The Central Government has recently constituted a committee under the chairmanship of Kirit Parikh 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. The report is expected to be submitted by the end of this month.
• This committee will also review the formula for fixing the price of gas produced by companies like ONGC and Reliance.