Petroleum and Natural Gas Regulatory Board (Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff) Amendment Regulations, 2019

Apr 25, 2019 | by Avantis RegTech Legal Research Team

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

The amendments 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 sixth proviso, the following proviso shall be inserted, namely:

“Provided also that the transitional period may, after the completion of the extended transition period till March 31, 2019, be further extended up to December 31, 2019”;

In Regulation 5 which specifies the procedure for determination of petroleum and petroleum products pipeline transportation tariff, after the fifth 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, 2019 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.”

[Notification F.No. PNGRB/M(C)/62/2019]

Click here to download the Notification.


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