GAIL pipeline tariffs may see a 20% increase: Exclusive
India’s state-owned natural gas major, GAIL (India) Ltd., is poised for a significant boost in its pipeline tariffs, with sources indicating a potential increase of nearly 20%. The Petroleum and Natural Gas Regulatory Board (PNGRB) is expected to approve a revised tariff in the range of ₹70 per mmBtu, up from the current rate of ₹58.59 per mmBtu. According to exclusive information, the tariff order could be finalized within the next one to two months. AK Tiwari, the PNGRB board member who spoke to CNBC-TV18 on Tuesday, stated that the board would adopt a “balanced approach” and give due consideration to GAIL’s official submissions. GAIL has submitted a proposal for a tariff of ₹78 per mmBtu but has signaled to CNBC-TV18 that a revision of ₹70 – ₹71 per mmBtu would still be viewed as a positive outcome.
Petroleum ministry invites suggestions on draft PNG rules
Union minister of petroleum and natural gas Hardeep Singh Puri urged industry leaders, experts, and citizens to share their feedback on the Draft Petroleum & Natural Gas Rules, the revised Model Revenue Sharing Contract (MRSC), and the updated Petroleum Lease format by July 17, 2025. “We are bringing in a series of pathbreaking policy reforms to promote exploration and production,” said Puri. These reforms, including the Draft Petroleum & Natural Gas Rules, 2025, will significantly enhance the ease of doing business for our E&P (exploration and production) operators, Puri added. The consultation process for the draft rules will culminate at Urja Varta 2025 scheduled at Bharat Mandapam, New Delhi on July 17. The Draft Petroleum & Natural Gas Rules, 2025, aim to modernise India’s upstream oil and gas framework with several major reforms.