Subsequent to the dismantling of the Administered Pricing Mechanism (APM) in the petroleum sector, Oil Coordination Committee (OCC) was abolished and a new cell called Petroleum Planning & Analysis Cell (PPAC), attached to the Ministry of Petroleum and Natural Gas, was created effective 1st April 2002. PPAC is to assist the Government in discharge of some of the functions earlier performed by OCC. Shri Ram Naik, the then Hon'ble Minister of Petroleum & Natural Gas inaugurated Petroleum Planning & Analysis Cell at SCOPE Complex, Lodhi Road, New Delhi. The expenditure of PPAC is borne by Oil Industry Development Board (OIDB).

The Ministry of Petroleum and Natural Gas (MOP&NG) is a ministry of the government of India responsible for the exploration, production, refining, distribution, marketing, import, export, and conservation of petroleum, natural gas, petroleum products, and liquefied natural gas in the country.