08 November, 2021
6 Min Read
Context: Energy Sector Reforms is an important topic for UPSE PRELIMS and GS Paper3.
Oil and Natural Gas Corporation
Kirit Parikh Committee-
The Kirit Parikh panel was set up by the Petroleum and Natural Gas Ministry to suggest a methodology for pricing of diesel and cooking fuel.
Recommendations of Kirit Parikh Committee:
C. Rangaranjan Committee on Fuel Pricing Reforms-
Hydrocarbon Exploration and Licensing Policy
Key Features of the New Hydrocarbon Policy-
EDITORIAL- Fuel price optics
Levies must be cut further to offset the effect of the continuing surge in global oil prices
The onus would then be again on the Centre to make further cuts to the duty it had raised last year. States run by other parties should take the cue from Tamil Nadu and Punjab and bring down the prices at the outlets, and not hold back for political or revenue reasons.
Source: The Hindu
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