Executive Summary:
This document contains the Petroleum and Natural Gas Regulatory Board Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff Amendment Regulations, 2017. It amends the Petroleum and Natural Gas Regulatory Board Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff Regulations, 2010. The regulations came into force on December 20, 2017, and include provisions for extending the transitional period for tariff determination.
Key Points / Main Content:
* **Short Title and Commencement:**
* These regulations are called the "Petroleum and Natural Gas Regulatory Board Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff Amendment Regulations, 2017."
* They came into force on December 20, 2017.
* **Amendment of Regulation 4:**
* The transitional period may be further extended up to December 19, 2018, or any other period as the Board may decide.
* **Amendment of Regulation 5:**
* The determination of petroleum and petroleum product pipeline transportation tariff shall be benchmarked against the goods tariff table of the railways.
* If the goods tariff table of the railways is revised during the further extended period of transition, the Board may consider benchmarking the petroleum and petroleum products transportation tariff against such revision.
Impact Analysis:
* **Petroleum and Natural Gas Regulatory Board:**
* *Impact:* Responsible for implementing and overseeing the amended regulations, including the power to extend the transitional period and consider revisions to railway tariff tables for benchmarking.
* *Action Required:* Implement the amended regulations, determine if an extension to the transitional period is required, and monitor revisions to railway tariff tables.
* **Petroleum and Natural Gas Transportation Companies:**
* *Impact:* Subject to the amended regulations regarding tariff determination, including potential benchmarking against railway tariff tables and the possibility of an extended transitional period.
* *Action Required:* Comply with the amended regulations, monitor railway tariff tables, and prepare for potential changes to tariff determination methodologies.
* **Consumers of Petroleum and Natural Gas:**
* *Impact:* Indirectly affected by changes to transportation tariffs, which may influence the price of petroleum and natural gas products.
* *Action Required:* No direct action required.
Key Entities Referenced
Petroleum and Natural Gas Regulatory Board: A regulatory body in India responsible for the regulation of the petroleum and natural gas sector.
Petroleum and Natural Gas Regulatory Board Act, 2006: An Indian law that established the Petroleum and Natural Gas Regulatory Board and defines its powers and functions.
Petroleum and Natural Gas Regulatory Board Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff Regulations, 2010: Regulations established by the Petroleum and Natural Gas Regulatory Board concerning 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, 2017: Amendments to the 2010 regulations concerning petroleum and petroleum product pipeline transportation tariffs.
New Delhi: The location where the notification was issued.
Goods Tariff Table of the Railways: A benchmark used to determine the petroleum and petroleum product pipeline transportation tariff.
Vandana Sharma: Secretary.
Mayapuri, New Delhi 110064: Location of the Government of India Press.
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PETROLEUM AND NATURAL GAS REGULATORY BOARD
NOTIFICATION
New Delhi, the 19th December, 2017
F. No. PNGRB/M(C)/62/2017.—In exercise of the powers conferred by section 61 of the
Petroleum and Natural Gas Regulatory Board Act, 2006 (19 of 2006), the Petroleum and Natural Gas
Regulatory Board hereby makes the following regulations, namely:-
1. Short title and commencement.
(1) These regulations may be called the Petroleum and Natural Gas Regulatory Board
(Determination of Petroleum and Petroleum Products Pipeline Transportation Tariff) Amendment
Regulations, 2017.
(2) They shall come into force on 20th December, 2017.
2. Amendment of regulations 4 and 5.
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 fourth proviso, the following proviso shall be added, namely:-
“Provided also that the transitional period may, after the completion of the extended transition period of one
year, be further extended up to 19.12.2018 or any other period as the Board may decide.”
(b) in regulation 5, after the third proviso, the following proviso shall be added, namely:-
“Provided further that the determination of the petroleum and petroleum product pipeline transportation
tariff 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, 2017 and if the goods tariff¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3
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./345/17]
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Foot Note: Principal regulations were notified vide GSR 987(E) dated 20-12-2010 and subsequently
amended vide Gazette of India Extraordinary Part III Section 4 notification no. F.No. PNGRB/M(C)/62/
2012 dt 13.12.2012, F. No. PNGRB/M(C)/62/2014 dated 16.12.2014 and F. No. PNGRB/M(C)/62/2014
dated 15.12.2016
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.