PNGRB revises bidding criteria

The PNGRB announced new bidding parameters for obtaining a licence to retail compressed natural gas (CNG) and piped natural gas (PNG) in cities. As per the new regulations, the future auctions will be conducted by asking companies to quote the number of CNG stations to be set up and number of domestic PNG connections to be given in the first eight years of operations. This has been given a 70 per cent weightage. Thus, companies quoting a higher number of CNG outlets and PNG connections will get a higher score.