For a gas-based economy, India needs to include natural gas under GST: FIPI

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The government should bring natural gas under the Goods and Services Tax (GST) regime to accelerate a gas-based economy and raising the share of the environment-friendly fuel in India’s energy basket, the Federation of Indian Petroleum Industry (FIPI) industry said. Natural gas is currently outside the ambit of GST, and existing legacy taxes — central […]

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Oil regulator issues force majeure guidelines for city gas operators

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India’s oil regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has issued a fresh set of force majeure guidelines, listing events such as riots, natural disasters, and restrictions by the government as conditions for allowing more time to complete city gas rollout obligations. The PNGRB in a notice on September 2 detailed the procedure for […]

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GAIL finds increase in gas sales to pre-COVID-19 levels by end of this quarter

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State-owned gas utility GAIL India Ltd sees its gas demand returning to pre-COVID-19 levels by the end of the current quarter as the expansion of the city gas network will offset shrinking consumption. its Director (Marketing) E S Ranganathan said in an online forum. GAIL, the country’s largest natural gas marketing and transporting company, sold about 113 […]

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