22nd Foundation Day Of PPAC Celebrated
PPAC maintains data bank on oil and gas sector
Petroleum Planning & Analysis Cell (PPAC), a data backbone of Ministry of Petroleum & Natural Gas celebrated its 22nd Foundation Day on 3rd April 2023 at Scope Complex Convention Centre. PPAC was inaugurated this day in 2002 by the then Hon`ble Minister of Petroleum & Natural Gas.
In more than two decades of its existence, PPAC has played a significant role in switchover to de-regulated market, management of PMUY (Ujjawala), DBTL, PM Garib Kalyan Yojna, LPG Subsidy and Gas Pricing apart of managing enormous data on Oil & Gas sector. In the past, it has assisted the Ministry in discharging several other important functions including administration of subsidy on PDS kerosene and freight subsidy for far-flung areas etc.
PPAC maintains data bank on oil and gas sector and analyses the trends in the domestic and international oil and gas sector and domestic prices.
On the foundation day, Chief Guest Dr Kirit Parikh, former Planning Commission Member shared his thoughts about role played by PPAC in the sector and emphasized the need for activities towards energy transition. Shri Anish De Global Head – Energy & Natural Resources, KPMG, in his address talked about how a data organization like PPAC can keep itself relevant in times of energy transition. Representatives from various stakeholders praised the role played by PPAC for hydrocarbon sector by being the most authentic official source for data and policy analysis. Shri P Manoj Kumar, Director General, PPAC in his welcome address briefly highlighted the achievements during the journey of PPAC and stressed on the need for widening its scope and domain keeping in view the changing scenario and dynamics.
The event also saw launch of App version of immensely popular PPAC website and announcement of proposed publication of a Bi-annual journal on energy to disseminate collective knowledge of the sector.
PPAC also decided to regularly celebrate its foundation day on 3rd of April every year with activities like technical sessions and panel discussions etc.