Older petroleum product pipeline tariff to rise 17% after PNGRB's new regulation

The Petroleum and Natural Gas Regulator Board (PNGRB) announced that starting next month, tariffs for older petroleum product pipelines in India would rise by 17%, followed by a 3.4% annual increment to account for inflation. This change replaces the regulation that had been in place since December 2010. The adjustment aims to provide financial stability and support infrastructure growth. For pipelines operational before December 2010, the tariff will be 75% of basic railway freight for all products except LPG, which will remain at 100%.