Regulator significantly cuts pipeline tariffs of GSPL

The Petroleum and Natural Gas Regulatory Board (PNGRB) has announced a 47% cut in tariffs for Gujarat State Petronet’s (GSPL) High Pressure (HP) Pipeline network. (PNGRB’s tariff order determines the prices that a company can charge for transporting natural gas through its pipeline networks.) This is a significant negative surprise. Tariff has been reduced from … Read more

Petronet announces a major capex into Petrochemicals

The Company has announced a major greefield capex into setting up a new petrochemical facility at Dahej, Gujarat. The proposed project includes 750 KTPA of Propane Dehydrogenation (PDH) & 500 KTPA of Propylene (PP) plant including propane and ethane handling facility. The project will generate revenue from the sale of polypropylene, propylene, propane, hydrogen and … Read more

Delhi government’s major policy shift towards EVs

According to the policy, the state wants all cab aggregators and delivery service providers to transition towards 100% electric vehicles by calendar year 2030. The policy entails 5% EVs in fleet of the likes of Uber and Ola in six months, 50% in three years and 100% in five years. After three years, only EVs … Read more