Which one of the following Committees/ Commissions was formed to study and suggest pricing pattern for oil and natural gas sectors in India ?

The B.K. Chaturvedi Committee was specifically constituted by the Government of India to examine the financial position of Oil Marketing Companies (OMCs) and suggest a sustainable pricing strategy for petroleum products and natural gas. The committee focused on addressing the issue of under-recoveries and recommended a shift toward market-linked pricing to reduce the fiscal burden of subsidies. While the Rangarajan Committee also played a significant role in gas pricing formulas [t2][t4][t6], the B.K. Chaturvedi Committee is the primary body among the options associated with studying the broader pricing patterns and financial health of the oil and gas sector. In contrast, the Sachar Committee dealt with the socio-economic status of Muslims, the B.N. Srikrishna Commission focused on data protection and the Telangana issue, and M. Veerappa Moily served as the Minister of Petroleum and Natural Gas who oversaw the implementation of these pricing policies [t2][t3].

Sources

1. [1] https://www.thehindu.com/business/Industry/gas-price-revision-to-spur-investment-moily/article4807349.ece
2. [2] https://www.reuters.com/article/business/india-orders-gas-price-rises-be-backdated-to-april-1-idUSKBN0DH2Z6/