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India plans to hike tariff for local pipelines up to 25-30pct by end-December 2018

Gasoil News - Published on Thu, 15 Nov 2018

Image Source: India
Reuters reported that India is planning a 25 per cent to 30 per cent hike in tariffs for local gas pipelines by end-December, an industry source with direct knowledge of the matter said. India's gas transportation regulator Petroleum and Natural Gas Regulatory Board (PNGRB) recently raised the tariff by the same range on seven local piplines. The new hike would apply to all remaining pipelines.

The source said that "Normally tariffs are revised in 5 years, but this revision is pending for quite some time."

Mr D K Sarraf, PNGRB's chairman said at a conference earlier on Wednesday that the board will hike the tariff for all pipelines by end-December but did not detail the size of the hike. The tariff is the amount pipeline owners can charge to transport gas.

Source :

Posted By : Joykumar Irom on Thu, 15 Nov 2018
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