ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

The Logic of the Expert Group Report on Petroleum Prices

The article explains the logic behind the Parikh Committee recommendation on petroleum prices. Based on considerations of who would bear what burden, the recommendations would lead to a viable and sustainable pricing policy, which would be workable over a wide range of international oil prices, which would meet the various objectives of the government, and which would limit the fiscal burden on the government and keep the domestic oil industry financially healthy and competitive.

COMMENTARY

The Logic of the Expert Group

subsidies. The OMCs sell them to the consumers at government-determined prices.

Report on Petroleum Prices

However, they purchase them from refineries at import parity prices or at a

 

weighted average of import parity and

 

export parity prices for some products.

Kirit S Parikh

The difference between the cost price and

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Or

To gain instant access to this article (download).


Pay
INR 59

(Readers in India)


Pay
$ 6

(Readers outside India)

Support Us

Your Support will ensure EPW’s financial viability and sustainability.

The EPW produces independent and public-spirited scholarship and analyses of contemporary affairs every week. EPW is one of the few publications that keep alive the spirit of intellectual inquiry in the Indian media.

Often described as a publication with a “social conscience,” EPW has never shied away from taking strong editorial positions. Our publication is free from political pressure, or commercial interests. Our editorial independence is our pride.

We rely on your support to continue the endeavour of highlighting the challenges faced by the disadvantaged, writings from the margins, and scholarship on the most pertinent issues that concern contemporary Indian society.

Every contribution is valuable for our future.