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.