Home India Ministry of Petroleum and Natural Gas In exercise of the powers conferred by section 61 of the Pet...
Date: 2019-04-24 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 61 of the Petroleum and Natural Gas Regulatory Board Act,

Issued by Ministry of Petroleum and Natural Gas · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This document contains amendments to the Petroleum and Natural Gas Regulatory Board (PNGRB) regulations regarding pipeline transportation tariffs. It extends the transitional period for tariff determination and introduces benchmarking against railway goods tariff tables. These regulations take effect on April 1, 2019, with an extended transition period until December 31, 2019. Key Points / Main Content: Amendments to Regulations: * These regulations are called the Petroleum and Natural Gas Regulatory Board Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff Amendment Regulations, 2019. * The regulations come into force on April 1, 2019. Extension of Transitional Period: * The transitional period, previously extended until March 31, 2019, may be further extended until December 31, 2019. Benchmarking of Tariff: * The determination of petroleum and petroleum product pipeline transportation tariff will be benchmarked against the goods tariff table of the railways, as applicable on the date of coming into force of these amendment regulations. * If the railway goods tariff table is revised during the extended transition period, the Board may consider benchmarking against such revision. Impact Analysis: Petroleum and Natural Gas Regulatory Board (PNGRB): * Impact: The PNGRB is responsible for implementing and enforcing the amended regulations, including the extended transition period and tariff benchmarking. * Action Required: The Board needs to consider revisions to railway goods tariff tables during the extended transition period for potential benchmarking. Petroleum and Petroleum Product Pipeline Operators: * Impact: Pipeline operators are subject to the amended regulations regarding tariff determination, including the benchmarking against railway goods tariff tables. * Action Required: Operators need to comply with the new benchmarking requirements and any tariff adjustments resulting from revisions to the railway goods tariff table. Stakeholders involved in Petroleum and Petroleum Products Transportation: * Impact: Could face tariff changes due to benchmarking. * Action Required: Monitor tariff changes.

Key Entities Referenced

Petroleum and Natural Gas Regulatory Board: A regulatory body responsible for the petroleum and natural gas sector in India. Petroleum and Natural Gas Regulatory Board Act, 2006: The legislation that established the Petroleum and Natural Gas Regulatory Board and defines its powers. Petroleum and Natural Gas Regulatory Board Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff Regulations, 2010: Regulations pertaining to the determination of tariffs for the transportation of petroleum and petroleum products via pipelines. Petroleum and Natural Gas Regulatory Board Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff Amendment Regulations, 2019: Amendments made in 2019 to the regulations concerning petroleum and petroleum products pipeline transportation tariffs. New Delhi: The location where the notification was issued. New Delhi, is the capital of India. Vandana Sharma: Secretary who signed the notification. Ring Road, Mayapuri, New Delhi: Location of the Government of India Press. Delhi: Location of the Controller of Publications.
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These regulations may be called the Petroleum and Natural Gas Regulatory Board (Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff) Amendment Regulations, 2019. 2. They shall come into force on 01st April, 2019. 3. In the Petroleum and Natural Gas Regulatory Board (Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff) Regulations, 2010, – (a) in regulation 4, 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 31.03.2019, be further extended up to 31.12.2019”; (b) in regulation 5, 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.” VANDANA SHARMA, Secy. [Advt-III/4/Exty./20/19] Foot Note: The Principal regulations were notified vide G.S.R. 987(E), dated 20-12-2010 and subsequently amended vide notifications no. F.No. PNGRB/M(C)/62/2012, dated 13.12.2012, F. No. PNGRB/M(C)/62/2014, dated 16.12.2014, F. No. PNGRB/M(C)/62/2014, dated 15.12.2016, F. No. PNGRB/M(C)/62/2014, dated 15.12.2017 and PNGRB/M(C)/62/2018, dated 18.12.2018. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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