PNGRB in its Mar'16 order issued final initial tariff for the KGBNGPL pipeline at INR45.32/mmbtu v/s the proposed INR180.77/mmbtu by GAIL. In a letter dated 22nd Oct'18, GAIL proposed tariff revision for KGBNGPL at INR47.20/mmbtu and an extension of 10 years to the life of the pipeline. However, PNGRB approved a tariff ~65% lower sharply reduced from the current INR45.32/mmbtu to INR16.14/mmbtu, effective 1st Jul'19. Sharp reduction in the revised tariff is on account of huge divergence in...