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Unified gas pipeline tariff beneficial for those far from entry point

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Sandeep Kumar Gupta, Director Finance, Indian Oil Corporation (IOC), said that “Unified tariff will be beneficial for those customers who are far from the entry point and it will be little costlier for those customers who are near to the entry point.”

Gas regulator Petroleum and Natural Gas Regulatory Board (PNGRB) recently released a unified tariff structure for more than a dozen pipelines in a bid to boost gas consumption in the country. The new structure puts a fixed tariff for the first 300 km from the source of gas and another tariff for beyond on the same integrated pipelie network.
Speaking about this to CNBC-TV18, Sandeep Kumar Gupta, Director Finance, Indian Oil Corporation (IOC), said that “Unified tariff will be beneficial for those customers who are far from the entry point and it will be little costlier for those customers who are near to the entry point.”
He also added that IOC is operating at almost 100 percent capacity now.
“It is a sign of the demand firming up at the national level. So we believe that the cash spreads will also move upwards going forward,” he said.
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