PNGRB to offer 100 CGD licenses for bidding in January 2018

The Petroleum and Natural Gas Regulatory Board (PNGRB) will offer 100 cities for compressed natural gas (CNG) retail licence bidding in January 2018 on revised terms. The earlier bidding criteria did not include the rate at which an entity would sell CNG to automobiles or piped natural gas to households using the same pipeline network, leading to companies offering 1 paisa as tariff to win licences. The PNGRB will offer 100 city gas distribution licences for bidding on a new model in January 2018. The new model will have a different bidding parameter besides the geographical or physical area for the licence being dynamic.