Although an unexpected move, industry experts and executives do not expect it to upset the current competition status quo.
On March 4, the Petroleum and Natural Gas Regulatory Board (PNGRB) issued a public notice stating that the infrastructure exclusivity granted to geographical areas (GA) in Mumbai and Greater Mumbai has expired.
The end of the period for the stated exclusivity was mentioned as April 2021.
"Marketing exclusivity for city-gas distribution (CGD) was already under litigation. However, the March notice has brought out the issue of infrastructure exclusivity for the first time," said Piyush Joshi, partner with Clarus Law Associates, who is representing some of the CGD companies in other litigation against PNGRB. He added, "Given that PNGRB does not have a legal member on its board and its earlier notified common carrier-related regulations are under litigation, the notice is surprising."
Bu hikaye Business Standard dergisinin March 18, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin March 18, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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