Subsequent to the dismantling of the Administered Pricing Mechanism (APM) in the petroleum
Sector with effect from 1st April 2002, Oil coordination Committee (OCC) was abolished and
a new cell, Petroleum Planning & Analysis Cell (PPAC) was created effective 1st April
2002 attached to the Ministry of Petroleum and Natural Gas.
PPAC
is to assist the Government in discharge of some of the functions earlier being performed
by OCC.
Shri Ram Naik, Hon'ble Minister of Petroleum & Natural Gas
inaugurated Petroleum Planning & Analysis Cell on 3rd April 2002.
The Oil industry
Development Board (OIDB) is funding the expenditure of PPAC.
The Head Quarters
of the Cell are at New Delhi (India). |
