Petroleum and Natural Gas Regulatory Board (Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff) Amendment Regulations, 2018

Dec 21, 2018 | by Avantis RegTech Legal Research Team


The Petroleum and Natural Gas Regulatory Board on December 18, 2019 has published the Petroleum and Natural Gas Regulatory Board (Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff) Amendment Regulations, 2018 to further amend the Petroleum and Natural Gas Regulatory Board (Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff) Regulations, 2010.

The following amendment in the Petroleum and Natural Gas Regulatory Board (Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff) Regulations, 2010 are as under:

·         In Regulation 4 which specifies the Determination of petroleum and petroleum products pipeline transportation tariff, after the fifth proviso, the following proviso shall be inserted, namely:

“Provided also that the transitional period may, after the completion of the extended transition period of one year, be further extended up to 31.03.2019.”;

·         In Regulation 5 which specifies the Procedure for determination of petroleum and petroleum products pipeline transportation tariff, after the fourth proviso, the following proviso shall be inserted, namely:

“Provided also that the determination of the petroleum and petroleum product pipeline transportation tariff under this regulation shall be benchmarked against the goods tariff table of the railways as applicable on the date of the coming into force of the Petroleum and Natural Gas Regulatory Board (Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff) Amendment Regulations, 2018 and if the goods tariff table of the railways is revised during the further extended period of transition, the Board may consider the benchmarking of the petroleum and petroleum products transportation tariff against such revision.”

The Regulations shall come into force on 20th December, 2018

[Notification F. No. PNGRB/M(C)/62/2018]

 

URL: http://egazette.nic.in/WriteReadData/2018/194064.pdf


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.