C Rangarajan Formula

November 6, 2015

India’s Gas Pricing System

India has a complex and heterogeneous gas pricing system mainly composed of two pricing regimes viz. APM (Administrative Price Mechanism) and non-APM (aka. free market gas). The APM gas price is declared by Petroleum Planning and Analysis Cell (PPAC).  The non-APM/free…


Gas Pricing Formula Conundrum

The KG-D6 basin and CAG report controversy led to setup a panel under the C Rangarajan during the UPA regime to decide upon the rational gas pricing formula. The panel comes up with a formula of gas pricing which was…