The government is planning a 25 per cent to 30 per cent hike in tariffs for local gas pipelines by end-December, an industry source with direct knowledge of the matter said on Wednesday.
Gas transportation regulator PNGRB or Petroleum and Natural Gas Regulatory Board recently raised the tariff by the same range on seven local piplines. The new hike would apply to all remaining pipelines.
"Normally tariffs are revised in 5 years, but this revision is pending for quite some time," the source said.
PNGRB Chairman DK Sarraf said at a conference earlier on Wednesday that the board will hike the tariff for all pipelines by the end of December but did not detail the size of the hike.
The tariff is the amount pipeline owners can charge to transport gas.
The move will benefit the country's biggest natural gas transporter, Gail (India), state-owned gas transportation company Gujarat State Petroleum Corp and billionaire Mukesh Ambani's Reliance Industries.