In a set back for GAIL (India), the Petroleum and Natural Gas Regulatory Board (PNGRB) has slashed the tariff the company charged for its KG Basin Natural Gas Pipeline Network by 64% to Rs 16.14 per mmBtu of gas on gross calorific value.
Till June 30, 2019, GAIL was charging customers Rs 45.32 per mmBtu starting April 1, 2019 against GAIL’s proposal of Rs 47.20 per mmBtu. Instead, the tariff has been reduced effective July 1 and “has been worked out based on information provided by the entity and deliberations,” PNGRB said in its order citing various letters written by GAIL and other stakeholders such H-Energy Gas Marketing, GMR Energy and Gujarat State Petronet.
