A complete clarity on the new price for domestically produced gas will emerge by September 30, a senior official of the Ministry of Petroleum and Natural Gas said on Monday.
“The report submitted by the senior official level panel has been discussed over the week-end and the Cabinet Committee on Economic Affairs is now ready to take it up. There will be complete clarity on the gas price by September 30,” the official said.
The panel, which included the secretaries of Power, Fertiliser and Expenditure and Additional Secretary of Ministry of Petroleum and Natural Gas as the empanelled secretary, had submitted its report last week.
It is expected that the new price of domestically produced gas will hover around $6/unit (gas is measured in million British thermal units).
The official declined to state whether the gas pricing issue will be taken up at the CCEA meeting scheduled for Wednesday. Prime Minister Narendra Modi leaves for the US visit on September 26, leaving little time for the CCEA to take up the matter.