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The Print
19 hours ago
- Business
- The Print
Rs 1,950 crore city gas distribution project in Bankura, Purulia to be completed by FY30
The project will establish 29 Compressed Natural Gas (CNG) stations for vehicular fuel across the two districts in line with authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB), a statement said. Prime Minister Narendra Modi on Friday laid the foundation stone for the project that aims to provide Piped Natural Gas (PNG) to both retail households and industrial projects in the two districts of West Bengal. Kolkata, Jul 18 (PTI) The Rs 1,950 crore City Gas Distribution (CGD) project in West Bengal's Bankura and Purulia districts aims to provide Piped Natural Gas (PNG) connections to 5.55 lakh households, over 250 commercial units, and more than 35 industrial consumers, officials said. The project is scheduled for completion by March 15, 2030. Once operational, it is expected to serve a population of over 65 lakh with cleaner, reliable, and cost-effective fuel solutions, Bharat Petroleum said. According to BPCL Director (Refineries) and acting Chairman & Managing Director, Sanjay Khanna, the initiative marks a significant step towards expanding access to clean and affordable energy in India. The project is also expected to create over 15 lakh man-days of direct and indirect employment, supporting local economies in Bankura and Purulia. The CGD network will contribute to India's net-zero ambitions by promoting natural gas as a cleaner alternative to traditional fuels. It is projected to cut greenhouse gas emissions by 27 per cent, or 191,000 metric tonnes over 25 years — equivalent to planting nearly 3.46 lakh trees annually. PTI BSM RG This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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Business Standard
a day ago
- Business
- Business Standard
₹1,950 crore CGD project in Bankura, Purulia to be completed by FY30
The Rs 1,950 crore City Gas Distribution (CGD) project in West Bengal's Bankura and Purulia districts aims to provide Piped Natural Gas (PNG) connections to 555,000 households, over 250 commercial units, and more than 35 industrial consumers, officials said. Prime Minister Narendra Modi on Friday laid the foundation stone for the project that aims to provide Piped Natural Gas (PNG) to both retail households and industrial projects in the two districts of West Bengal. The project will establish 29 Compressed Natural Gas (CNG) stations for vehicular fuel across the two districts in line with authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB), a statement said. The project is scheduled for completion by March 15, 2030. Once operational, it is expected to serve a population of over 65 lakh with cleaner, reliable, and cost-effective fuel solutions, Bharat Petroleum said. According to BPCL Director (Refineries) and acting Chairman & Managing Director, Sanjay Khanna, the initiative marks a significant step towards expanding access to clean and affordable energy in India. The project is also expected to create over 15 lakh man-days of direct and indirect employment, supporting local economies in Bankura and Purulia. The CGD network will contribute to India's net-zero ambitions by promoting natural gas as a cleaner alternative to traditional fuels. It is projected to cut greenhouse gas emissions by 27 per cent, or 191,000 metric tonnes over 25 years equivalent to planting nearly 3.46 lakh trees annually. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
The Hindu
3 days ago
- Business
- The Hindu
Supply PNG to households at a uniform rate, PNGRB tells CGD firms
The Petroleum and Natural Gas Regulatory Board (PNGRB) has directed City Gas Distribution (CGD) entities to supply piped natural gas at a uniform rate to all domestic household consumers, irrespective of their daily consumption levels. The oil regulator said this taking note of a telescopic pricing structure for piped natural gas domestic consumers that certain CGD entities are implementing in which the per standard cubic metre (SCM) price of the gas escalates as consumption goes past a predefined threshold. 'Such pricing practices may inadvertently facilitate unauthorised use of subsidised APM (administered pricing mechanism) gas by commercial consumers who may be misclassified as domestic consumers. Additionally, genuine domestic consumers with higher consumption levels may be unfairly subjected to elevated charges, despite natural gas being supplied to CGD entities at a uniform APM rate,' PNGRB said. Advising CGD firms to undertake a 'thorough review of consumption patterns and investigate anomalous cases where domestic consumers exhibit significantly higher usage relative to industry average,' PNGRB said based on the findings, suitable corrective measures should be instituted as per the regulations. It also cited the government guideline under which the natural gas allocation is made at a concessional rate compared to market or spot LNG prices with an aim to promote the adoption of the fuel across domestic households and transport sector. Differential pricing of fuel and the resultant challenges, however, are not uncommon in the oil industry with the national oil companies in the past grappling with diversification of the heavily subsidised liquefied petroleum gas (LPG) cylinders. Meant for use only by households, the 14.2 kg cylinder in the past found its way to commercial establishments such as tea stalls, eateries and restaurants. Eventually, it was through a combination of measures, from change in the pricing structure, direct benefit transfer to targetted subsidy, the menace was reined in to a large extent.
Time of India
3 days ago
- Business
- Time of India
PNGRB directs city gas companies to stop volume-based differential pricing
The Petroleum and Natural Gas Regulatory Board ( PNGRB ) has directed city gas companies to charge a uniform rate for household fuel, regardless of consumption levels, in a bid to end the practice of some firms charging higher prices beyond a certain usage threshold. 'It has come to the Board's notice that certain city gas distribution (CGD) entities are implementing a telescopic pricing structure for piped natural gas (PNG) domestic consumers, wherein the per SCM (Standard Cubic Meter) price of natural gas escalates as consumption surpasses a predefined threshold,' the downstream regulator said. 'Such pricing practices may inadvertently facilitate the unauthorized use of subsidized administered price mechanism (APM) gas by commercial consumers who may be misclassified as domestic consumers.' The regulator further said that 'genuine domestic consumers with higher consumption levels may be unfairly subjected to elevated charges,' despite the government supplying natural gas to CGD entities at a uniform rate. The domestic gas is sold to companies 'at a concessional rate compared to market or spot LNG prices,' the regulator said. PNGRB also advised city gas companies to undertake a thorough review of consumption patterns and 'investigate anomalous cases where domestic consumers exhibit significantly higher usage relative to industry average' and, based on the findings, take suitable corrective measures.
Time of India
4 days ago
- Business
- Time of India
PNGRB directs city gas companies to stop volume-based differential pricing
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: The Petroleum and Natural Gas Regulatory Board ( PNGRB ) has directed city gas companies to charge a uniform rate for household fuel, regardless of consumption levels, in a bid to end the practice of some firms charging higher prices beyond a certain usage threshold.'It has come to the Board's notice that certain city gas distribution (CGD) entities are implementing a telescopic pricing structure for piped natural gas (PNG) domestic consumers , wherein the per SCM (Standard Cubic Meter) price of natural gas escalates as consumption surpasses a predefined threshold,' the downstream regulator said. 'Such pricing practices may inadvertently facilitate the unauthorized use of subsidized administered price mechanism (APM) gas by commercial consumers who may be misclassified as domestic consumers.'The regulator further said that 'genuine domestic consumers with higher consumption levels may be unfairly subjected to elevated charges,' despite the government supplying natural gas to CGD entities at a uniform domestic gas is sold to companies 'at a concessional rate compared to market or spot LNG prices,' the regulator also advised city gas companies to undertake a thorough review of consumption patterns and 'investigate anomalous cases where domestic consumers exhibit significantly higher usage relative to industry average' and, based on the findings, take suitable corrective measures.
