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. Read More