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Centre constituted committee headed by Kirit Parikh, an economist, to review LPG marketing

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To review the existing marketing structure of Liquefied Petroleum Gas (LPG) in India, the Central Government constituted a five-member committee headed by economist Kirit Parikh. This move is seen as an effort to bring in more private players and it was a long-standing demand for companies like Reliance Industries.
Kirit ParikhKey Points:

  • The other members of the panel include the former petroleum secretary GC Chaturvedi, former Indian Oil chairman MA Pathan, IIM Ahmedabad director Errol D’souza, and a joint secretary in the petroleum ministry.
  • Private players are eligible to operate as parallel marketeers of LPG as per LPG (Regulation of Supply and Distribution) Order, 2000.
  • The newly constituted committee will look into the issues related to definition or quality standards of LPG being marketed.
  • It is expected to submit its report by July 31, 2019.
  • As of April 1, 2019, the LPG coverage in India was at 94.3%. It was increased from 56% in 2014.
  • The 3 Oil-Marketing Companies (OMCs) Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation have 265.4 million active LPG customers in the domestic category and they are being served by 23,737 LPG distributors.

About Ministry of Petroleum and Natural Gas:
Headquarters: New Delhi
Minister Incharge: Dharmendra Pradhan