NEW DELHI, July 1:
The Supreme Court today held that the Petroleum and Natural Gas Regulatory Board (PNGRB) has got all the rights to determine the prices of compressed natural gas (CNG) and piped natural gas (PNG) in the national capital region (NCR).
The verdict was delivered by a division bench, headed by Justice Dipak Misra.
The PNGRB had submitted before the apex court that even if it is not fixing the gas prices, Indraprastha Gas Limited (IGL) and other companies should provide it the documents relating to inter-city gas supply so that it could post on its website the price that consumers should pay. The Board had challenged a 2012 Delhi High Court order holding that it has no regulatory control over gas tariffs. The HC on June 1, 2012, had quashed the April 2012 order of PNGRB, which had reduced the network tariff and compression charges for CNG distributed by IGL in the capital and adjoining areas, terming it as illegal. It had ruled that the PNGRB was not empowered to fix or regulate the maximum retail price (MRP) at which the gas is to be sold by retailers. (PTI)
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