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Govt may hike tariffs on
local gas pipelines by 25-30%
India's gas transportation regulator Petroleum and Natural Gas
Regulatory Board (PNGRB) recently raised the tariff by the same range on
seven local piplines.
India is planning a 25 percent to 30 percent hike in tariffs for local
gas pipelines by end-December, an industry source with direct knowledge
of the matter said on Wednesday.
India's gas transportation regulator Petroleum and Natural Gas
Regulatory Board (PNGRB) recently raised the tariff by the same range on
seven local pipelines. The new hike would apply to all remaining
pipelines.
"Normally tariffs are revised in 5 years, but this revision is pending
for quite some time," the source said.
PNGRB's chairman D K Sarraf 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.
The move will benefit the country's biggest natural gas transporter Gail
(India) Ltd, western India-based state-owned gas transportation company
Gujarat State Petroleum Corp and Mukesh Ambani's Reliance Industries
Ltd.
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