New Delhi: While defending the government 's stand in the wake of CAG's draft report over the allotment of Krishna Godavari gas field (KG-D6 Gas Field) to the Reliance Industries Limited (RIL), Union Petroleum and Natural Gas Minister S Jaipal Reddy on Monday termed the allegations of the BJP and the Left parties as 'premature'.

Slamming the Opposition for targeting his Ministry and Union Homer Minister P Chidambaram, he said, “BJP leader Murli Manohar Joshi is heading a personal agenda. The decision to fix the price of KG Gas Field gas was taken by the Empowered Group of Ministers (EGoM).”

He refuted Joshi’s allegations that Chidambaram was the Finance Minister when the price of gas produced from RIL’s KG-D6 fields was fixed in 2007.

He also assured an inquiry into any wrong assessment of KG Gas block resources after the CAG submits its final report.

“CAG in its draft report has put forth some questions; government is preparing to answer those questions. Only after the final report  comes , it would be clear whether there was any wrong committed or not,” Reddy said.

The CAG draft report which was leaked stated that wrong assessment of natural gas recourse of KG gas field was jointly done by the Government, Directorate General of Hydrocarbon and private companies - Reliance Industries Limited and Cairn India.

Following the CAG report, BJP leader Murli Manohar Joshi accused the government of extending benefit to private companies. Apart from the BJP leader, CPI-M leader Sitaram Yechury also cornered the government and demanded resignation of P Chidambaram.

Defending Chidambaram, Reddy said, “The price was fixed by EGoM. Chidambaram was just a member, so he can’t be held solely responsible.”

However, he accepted that the facts raised by the CAG may be right, but the decision cannot be taken on that basis. He denied the reports that the government was not giving its nod to the Cairn-Vedanta deal in the wake of the CAG report.

He said both the issues are different and he would make an effort that a decision is taken in this regard in this week’s Cabinet meeting.