IGL-PNGRB case adjourned again to May 22, 2012

NEW DELHI: IGL's ( Indraprastha gas limited) he aring in the high court against the petroleum and natural gas regulatory board (PNGRB) has been adjourned to May 22, 2012. The sole supplier of compressed natural gas in Delhi/NCR has appealed in the court against the regulatory board's decision to regulate its network tariff and selling price.

PNGRB in its order dated April 9, 2012 has asked IGL to cut down its network tariff by 63%. In a retrospective decision, it also asked the company to refund the difference to its customers for the period from April 1, 2008 till the date of issuance of order.

IGL in its petition has however alleged that PNGRB is not entitled to regulate the price of gas sold by the company and the variables taken into account by the board to calculate the network tariff are misleading.