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Oil regulator to offer 100 CGD licences for bidding this month 

Financial Express , Jan 15, 2018

Oil regulator Petroleum and Natural Gas Regulatory Board (PNGRB) will this month offer for bidding CNG retailing licences in 100 cities on revised terms, Petroleum Minister Dharmendra Pradhan said last Thursday.The PNGRB has so far held eight rounds of bidding where companies were asked to quote the tariff for pipeline that carries gas within the city limits. The bidding criteria did not include the rate at which an entity would sell CNG to automobiles or piped natural gas to households using the same pipeline network, leading to companies offering one paisa as tariff to win licences. “PNGRB will offer 100 city gas distribution (CGD) licences for bidding on a new model this month,” Pradhan said at a FICCI conference here. The new model would have a different bidding parameter besides the geographical or physical area for the licence being dynamic, he said.

 

 

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