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Petroleum and Natural Gas Regulatory Board

  • 18 Mar 2026

In March 2026, Petroleum and Natural Gas Regulatory Board (PNGRB) announced a temporary waiver of imbalance charges in the gas sector.

  • The decision is due to ongoing geopolitical tensions in the Gulf region.
  • The waiver applies to entities, shippers and consumers.
  • It will remain effective until 30th June 2026.
  • The move addresses disruptions in energy supply and logistics.
  • It aims to ease operational challenges in gas scheduling and transportation.
  • No imbalance charges will be levied during the waiver period.
  • PNGRB is a statutory regulatory authority established under the Petroleum and Natural Gas Regulatory Board Act, 2006.
  • It functions in a quasi-judicial capacity, exercising powers similar to those of a Civil Court.
  • It seeks to safeguard consumer interests, regulate downstream petroleum and natural gas activities, promote competition, and ensure uninterrupted supply nationwide.