The Fertiliser Association of India (FAI) has urged the government to set up a regulator to monitor the hydrocarbon prices in the wake of disinvestment of the oil and gas sector.
Viren Kaushik, director general, FAI, said with the dismantling of administered pricing mechanism, the government must ensure that there is a strong regulatory body, even though the oil sector is on the verge of getting completely decontrolled.