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Jan 18, 2020, 11.50 AM IST

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GAS TRANSPORTATION TARIFFS

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  • According to recent reports the PMO has proposed waiver of the coal cess, the savings from which is to be used for retrofitting pollution curbing equipment.

    Presently, the country has a network of 16,981-km of pipelines, with each having a different tariff. The present tariffs policy provides for lower transportation charges in the area closer to the source of gas and this progressively increases that leads to a scenario where the users in hinterland pay extra than those on the coast.

    The decision to provide viability gap funding to Indradhanush Gas Grid Ltd for setting up the North East Natural Gas Pipeline Grid was taken by the Cabinet chaired by Prime Minister Narendra Modi in its meeting. The government will provide Rs 5,559 cr viability gap funding for building a 1,656 km gas grid in North East at a cost of Rs 9,265 crore, Pradhan said, while addressing media.

    The draft policy was sent for approval to cabinet secretariat, and later it was referred to the GoM headed by Shah. The draft policy has proposed that any subsidy would have to be given through direct benefit transfer, i.e. directly in the bank account of consumers. Also, cross subsidies on industries would not exceed 20%.

    ​​The schemes include procuring 2,000 MW from gas-based plants through auction and bundling it with an equal capacity of solar power. Another 2,000 MW will be procured through online reverse auction, on a model similar to previous such schemes.

    AG&P is the largest foreign player in the city gas distribution business after it won licenses to retail compressed natural gas to automobiles and piped cooking gas to households in 12 cities in Andhra Pradesh, Karnataka, Kerala, Rajasthan and Tamil Nadu.

    He told a press conference here that the rest Rs 3,706 crore shall be funded by five oil-sector public sector undertakings - IOCL, ONGC, GAIL, OIL and NRL. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi on January 8 had approved Viability Gap Funding/ Capital Grant of 60 per cent for the IGGL project.

    ICICI Securities has maintained a buy rating on Balkrishna Industries with a target price of Rs 1,220.

    Broader market has begun to outperform the Nifty and largecaps in the first two days of 2020. It is time to start looking at the broader market and that translates into a risk-on trade, because rather than sticking with a narrow bunch of few stocks, the market is now beginning to look outward, at stocks trading at multi-year low valuations.

    China imposed a 5 per cent tariff on US crude oil shipments from September 1.

    Soon after taking over the field last month, ONGC changed the shipper to state-owned Shipping Corporation Ltd, resulting in saving of about USD 5,000 per day, they said adding the saving totals to Rs 1 crore-plus.

    The Petroleum and Natural Gas Regulatory Board (PNGRB) is considering a gas transmission tariff reform that would allow the tariff to be fixed separately for each entry and exit point of the pipeline.

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