PNGRB Unified Tariff Rolled out in India : The Petroleum and Natural Gas Regulatory Board (PNGRB) has introduced the implementation of Unified Tariff, which is a much-awaited reform in the natural gas sector. This move is expected to bring about a significant change in the industry by streamlining the tariff structure and ensuring transparency and fairness in pricing.
According to Union Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri, this new tariff mechanism will help India achieve the ‘One Nation One Grid One Tariff’ model, which is in line with the objective of economic development of all regions of the country. He further added that this reform will also propel the gas markets in distant areas, making natural gas more accessible and affordable for consumers.
In a tweet Shri. Hardeep Singh Puri wrote –
Another step towards Gas Based Economy under the visionary leadership of PM Shri @narendramodi Ji! In line with objective of economic development of all regions of the country, PNGRB introduces implementation of Unified Tariff – a much awaited reform in natural gas sector.
PNGRB has notified a levelized Unified tariff of 73.93/MMBTU & has divided total gas networks in 3 Tariff Zones. First Tariff zone is upto 300 Kms from Gas source, the second is 300 km to 1200 km & the third zone is beyond 1200 km from the Gas source.
PM Narendra Modi Hails PNGRB United Tariff Implementation
The Prime Minister, Shri Narendra Modi, also hailed the introduction of the Unified Tariff as a noteworthy reform in the energy and natural gas sector. In a tweet, he expressed his appreciation for this move and stated that it would have a positive impact on the country’s economy.
This reform is a significant step towards promoting the use of natural gas as a cleaner and more sustainable source of energy. It is expected to attract more investment in the natural gas sector, create more job opportunities, and contribute to the overall growth of the economy.
The PNGRB’s introduction of the Unified Tariff is a crucial step in the right direction towards transforming the natural gas sector in India. It is a much-needed reform that has been long-awaited by the industry and is expected to benefit all stakeholders involved. With this new tariff mechanism in place, the natural gas sector in India is poised to witness significant growth and development in the years to come.