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Petroleum and Natural Gas Regulatory Board wants petroleum product pipelines too within its ambit
The Petroleum and Natural Gas Regulatory Board (PNGRB) has undertaken a vital exercise to bring all petroleum product pipelines under its ambit, which will help determine their tariff and facilitate non-discriminatory third-party access to public sector oil companies’ pipelines.
Access to state-run companies’ product pipelines can dramatically increase private fuel retailers’ ability to serve new markets across the country, increasing competition in the fuel business and benefitting end consumers, people familiar with the matter said.
The PNGRB Act of 2006 covers all petroleum and natural gas pipelines, but the focus so far has been only on gas pipelines. The regulator is now trying to enforce the law on petroleum products pipelines as well. In a letter earlier this month to Indian Oil, HPCL, and BPCL, the regulator sought details of all their operational as well as under-construction petroleum product pipelines.
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