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PM to monitor sweeping reforms-IV: Marketing freedom to nomination and PSC regimes in a phased manner
Jun 29: The government will also evolve a system of migrating the existing hydrocarbons regime (both Nomination and PSCs) to the emerging framework of market-determined prices and
marketing freedom.
8However there is an acknowledgment that this cannot be done overnight and needs to be achieved in gradual phases.
8This is expected to remove the anomalous situation of multiple gas prices with the attendant legacy of gas allocation.
8Gas prices will have to travel at full cost down to the end customer.
8Releasing cash directly on lines of DBT can meet the government’s aim of subsidising farmers in the purchase of gas-based urea and to consumers of other subsidized gas product is the ultimate goal
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