The mandate of PPAC as per the gazette notification dated 30.03.2002 is to assist the government in the following functions:- 

• Administration of subsidy on PDS Kerosene and domestic LPG and freight subsidy for far flung areas.
• Maintenance of information data bank and communication system to deal with emergencies and unforeseen situations.
• Analyzing the trends in the international oil market and domestic prices.
• Forecasting and evaluation of petroleum import and export trends.
• Operationalizing the sector specific surcharge schemes, if any.