Petroleum Sector Regulator Changes Bid Norms For CNG, PNG Retail Licence


Petroleum Sector Regulator Changes Bid Norms For CNG, PNG Retail Licence

After “one paisa” bids spoilt the initial auction rounds, oil regulator PNGRBhas proposed to radically change the bidding parameters for obtaining a licence to retail CNG and piped cooking gas in cities.

The Petroleum and Natural Gas Regulatory Board (PNGRB) has proposed to conduct future auctions by asking companies to quote the tariff they will charge for transportation of CNG and piped gas or PNG within the city, with lowest rate getting preference.

They would also be asked to quote the number of CNG stations and households proposed to be connected within a given timeframe, according to PNGRB’s public notice on revised bidding criteria. Read More…

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