New Delhi, Dec. 30 -- In a bid to make natural gas cheaper and boost adoption, India's gas regulator has proposed regulating the regasification charges for liquefied natural gas (LNG) and also bringing the fuel under the goods and services tax (GST), citing low utilization and weak financial viability at most terminals.

In a paper on 'regasification, listed gas marketing and CGD entities', published on its website on 24 December, the Petroleum and Natural Gas Regulatory Board (PNGRB) said high and unregulated infrastructure costs, coupled with state-level taxes, are keeping gas prices elevated despite large investments in regasification capacity. Implementation of the PNGRB's proposals would require statutory changes.

Though the PNGRB r...