Mumbai, April 21 -- The upgrade follows expectations of an impending tariff hike, after the Petroleum and Natural Gas Regulatory Board (PNGRB) released a consultation paper to review the piped gas tariff structure.

The PNGRB recently launched a portal inviting feedback from stakeholders, including industry participants and subject matter experts, to refine the regulatory framework. The process aims to develop Model Revenue Sharing Contracts and bring greater legal clarity to the energy sector.

Stakeholders can submit their comments until 1 May 2025. GAIL is expected to provide its response to the PNGRB by 15 May 2025. The company has proposed a revised tariff of Rs 77.43 per MMBtu, higher than the current applicable rate.

The foreign b...