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Who approved a unified tariff for a natural gas pipeline of Rs 73.93 per metric million British thermal units (MMBtu), effective from April 1, 2023?
A)
BPCL
B)
PNGRB
C)
IOCL
D)
Petronet LNG Limited.

Correct Answer :   PNGRB


Petroleum and Natural Gas Regulatory Board (PNGRB) on 29th March 2023 approved levelised unified tariff for natural gas pipeline of Rs 73.93 per metric million British thermal unit (MMBtu).

* The unified tariff would be effective from April 1, 2023.

* The regulator said it has amended PNGRB (Determination of Natural Gas Pipeline Tariff) Regulations to incorporate the regulations pertaining to unified tariff for natural gas pipelines with a mission of “One Nation, One Grid and One tariff”.

* By “One Nation, One Grid and One tariff”, the Indian government aims to boost the consumption of natural gas in the country and increase its share in India’s energy basket from current 6.2 percent to 15 percent by 2030.

* PNGRB also defined three zones for unified tariff, wherein the first zone is up to the distance of 300 km from the source, second zone is more than 300 km and up to 1,200 km while the third zone is the remaining length of the national gas grid system.

* The national gas grid covers all the interconnected pipeline networks owned and operated by entities including Indian Oil Corporation Limited (IOCL), Oil and Natural Gas Corporation Limited (ONGC), GAIL (India) Limited, Pipeline Infrastructure Limited, Gujarat State Petronet Limited (GSPL), Gujarat Gas Limited, Reliance Gas Pipelines Limited, GSPL India Gasnet Limited, and GSPL India Transco Limited..

Source : Money Control

Published On : March 31, 2023
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