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
Latest posts by Moneycontrol.com (see all)
- ‘Crude prices to hold firm in future as supply tightens’ - April 19, 2019
- Reliance Industries gains over 2% on stake sale in six group cos - April 18, 2019
- Petrol, diesel prices remain static for the second consecutive day. Check rates here - April 18, 2019