Overview

• The PNGRB approved amendments on July 4 to reduce unified tariff zones from three to two under its One Nation, One Grid, One Tariff vision.
• Zone 1 rates now apply nationwide for compressed natural gas and domestic piped gas to lower transportation costs for consumers.
• Pipeline operators must secure at least 75% of system-use gas through contracts of a minimum three-year tenure to stabilise supply and tariffs.
• A new Pipeline Development Reserve channels half of surplus earnings above 75% utilisation into infrastructure and the remainder back to consumers.
• Shares of Indraprastha Gas rose 3.22% and Mahanagar Gas gained 2.27% as analysts refined their cost-benefit projections under the new regime.