The Kirit Parikh committee has recommended decontrolling of petrol and diesel prices. The panel has also favoured a hike of 100 rupees for domestic LPG cylinder and increase of 6 rupees a liter for Kerosene. Speaking to media after submitting the report to Petroleum Minister, Murli Deora in New Delhi yesterday, Mr. Parikh said it is good time to free prices because the petrol and diesel prices increases will be very low. This could result in an increase of 3 rupees per liter each for petrol and diesel. The report also suggest a transparent and effective distribution system for PDS kerosene and domestic LPG can be ensured through smart cards. Until that becomes operations, kerosene allocation across states should be rationalized which would bring down all-India allocation by at least 20 per cent.