Report of the Expert Group to advise on pricing methodology of diesel, domestic LPG and PDS kerosene

This Expert Group was set up by the Ministry of Petroleum & Natural Gas on 12th June 2013. The group has studied the current pricing mechanism for regulated petroleum products, explored various other alternatives for pricing including Export Parity Price (EPP) and made recommendations for a suitable pricing mechanism. The group has also analyzed the current system of under recovery sharing mechanism and made recommendations regarding a suitable system for sharing the under-recoveries. The Group has also recommended that the public sector oil marketing companies (PSU OMCs) should be given freedom to import crude oil from all available sources by working out a suitable mechanism.