The chequered history of disputes between the Petroleum and Natural Gas Regulatory Board (PNGRB) and government and private players in the city gas distribution (CGD) business may be a thing of past, but Indraprastha Gas Ltd (IGL), Mahanagar Gas Ltd (MGL), Gujarat Gas and, to some extent, the Adanis are facing the regulatory heat again. And, yet again, the issue of ending the exclusivity period for these operators is a reason for unease. The only difference is that this time, both the regulator and the gas companies are better placed to deal with the issue.
Under the Petroleum and Natural