Petroleum and Natural Gas Regulatory Board (Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff) Amendment Regulations, 2020

Feb 25, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The Petroleum and Natural Gas Regulatory Board (PNGRB) on February 19, 2020, notifies the Petroleum and Natural Gas Regulatory Board (Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff) Amendment Regulations, 2020 to further amend the PNGRB (Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff) Amendment Regulations, 2010.

The followings are the amendments made under PNGRB Regulations, 2010:-

 Under Regulation 4 relating to “Determination of petroleum and petroleum products pipeline transportation tariff”, a proviso has been inserted, stating that the transitional period has been extended from December 31, 2019 upto March 03, 2020.

 Under regulation 5 relating to “Procedure for determination of petroleum and petroleum products pipeline transportation tariff”, a sixth proviso has been 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, 2020 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."

This Notification shall come into force on January 01, 2020.

[Notification No. PNGRB/M(C)/62/2020]


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