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2018-05-08 15:45:37

PPAC DG hints at taking natural gas into GST and elimination of custom duty on imports at PHD Chamber conference

Petroleum Planning & Analysis Cell (PPAC) under the jurisdiction of Ministry of Petroleum and Natural Gas has recommended to its nodal ministry to make attempt so that the natural gas could be taken into GST ambit since gas is a cleaner fuel and gradually the government is making efforts to widen its gas mapping, indicated its Director General, Atreyee Das.

Speaking at a Conference on Gas Market in India under aegis of PHD Chamber of Commerce and Industry here today, Ms. Das also hinted PPAC has also advised its administrative ministry to work for elimination of import duty on imported gas.

She, however, added that PPAC was asked by the Department of Finance through the Ministry of Petroleum and Natural Gas about its stand on natural gas if it could be included in GST and it was in this context that PPAC recommendations have been made.

Das further clarified that the issue referred to the PPAC was relating to natural gas only and not about petroleum sector, therefore, we made a case of natural gas inclusion within the ambit of GST.

Das was responding to observations made by Managing Director, Mahanagar Gas Ltd, Rajeev Mathur who demanded that natural gas be included in GST to avail of input credits because natural gas is emerging as a future fuel and duties associated with it should also be curtailed and if necessary eliminated.

Chairperson, Petroleum & Natural Gas Regulatory Board (PNGRB), D K Sarraf in his inaugural address made a strong case for establishing and intense City Gas Distribution (CGD) system with a focus approach and sought that gradually diesel and petroleum be replaced with cleaner fuel such as CNG and LNG with lead and suitable national highways for commercial vehicles.

Sarraf also added that serious efforts are under way to enhance geographical cover areas for CNG through 9th round of bidding which will be closing in July so that gas mapping is intensified and expanded keeping in view the consumer base since its distribution under present context is confined to Gujarat, Mumbai and Delhi and the like.

Among others who were also spoke on the occasion comprised Sr. Vice President (Marketing), Petronet LNG Ltd., Pankaj Wadhwa; Chairman, Energy Committee, PHD Chamber & Managing Director, Mahanagar Gas Ltd., Rajeev Mathur; Chairman and Co-Chairman, Oil and Gas Committee, PHD Chamber, Sanjeev Agrawal and HPS Arora including its Principal Director, Dr. Ranjeet Mehta.



     
     
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