Subsequent to the dismantling of the Administered Pricing Mechanism (APM) in the petroleum sector with effect from 1st April, 2002 Oil Coordination Committee was abolished and a new cell, Petroleum Planning & Analysis Cell (PPAC) was created w.e.f. 1st April, 2002 under the Ministry of Petroleum and Natural Gas. As per Government’s directives, the expenses of the cell are borne by OIDB by way of grant.

The functions of the PPAC are, administration of subsidy on PDS Kerosene and domestic LPG, administration of freight subsidy for far flung areas, maintenance of Information data bank and communication system to deal with emergencies and unforeseen circumstances, analyzing the trends in the international oil Market and domestic prices, forecasting and evaluation of petroleum import and export trends, operationalising the sector specific surcharge schemes, if any.  OIDB has released a grant of Rs.49.78 crore approximately to PPAC upto 31.03.2010.

For More Information Visit
www.ppac.org.in/