Sep 20, 2012

PNGRB slashes Gujarat State Petronet's gas grid tariff by 40%

India's downstream oil regulator Petroleum and Natural Gas Regulatory Board has cut the tariff charged by the Gujarat State Petronet Ltd for its 2,239 kilometer Gujarat gas grid by about 40%, after discrepancy was found in tariffs from different customers.
“Based on the details submitted by GSPL on the tariff during the pre-regulatory regime, it was found that currently GSPL is charging discriminatory tariffs from different customers which range from Rs 2.54 per mmBtu (million British thermal unit) to Rs 43.93 per mmBtu on GCV (Gross Calorific Value) basis,” PNGRB said in its order on Tuesday.
The regulator said that it has fixed the rate at Rs 23.9 per mmBtu, with effect from November 2008, against Rs 39.6 per mmBtu submitted by the company, the order said.
“In addition to the tariff, GSPL is also recovering system use gas including unaccounted gas from their customers in kind,” PNGRB said in the order.
The regulator has also asked the company to return the cost of entire system use gas, including unaccounted gas to the shippers/consumers from November 20, 2008 onwards and also cancel separate recovery either in cash or in kind with immediate effect.
PNGRB said that the difference between the tariff charged by the company and that approved by the regulator will be adjusted with customers in future billings.
Earlier in June, PNGRB agreed to give authorization to GSPL’s 2,239 km of Gujarat gas grid with a capacity to carry 30.46 million standard cubic meters of gas per day.

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