Stocks of City Gas Distribution (CGD) firms were on a roll on Friday after sector regulator Petroleum and Natural Gas Regulatory Board (PNGRB) issued gazettes of CGD access code, CGD-CNG transportation rate and gas pipeline unified tariff regulations.
PNGRB on Thursday simplified the country's gas pipeline tariff structure to make the fuel more affordable for distant users and to attract investment for building gas infrastructure. The regulatory board has notified regulations for a 'unified' tariff structure for over a dozen pipelines that form the National Gas Grid which will lead to a 20-30 per cent rise in transportation charges paid