logo
PNGRB directs city gas companies to stop volume-based differential pricing

PNGRB directs city gas companies to stop volume-based differential pricing

Time of Indiaa day ago
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
New Delhi: The Petroleum and Natural Gas Regulatory Board ( PNGRB ) has directed city gas companies to charge a uniform rate for household fuel, regardless of consumption levels, in a bid to end the practice of some firms charging higher prices beyond a certain usage threshold.'It has come to the Board's notice that certain city gas distribution (CGD) entities are implementing a telescopic pricing structure for piped natural gas (PNG) domestic consumers , wherein the per SCM (Standard Cubic Meter) price of natural gas escalates as consumption surpasses a predefined threshold,' the downstream regulator said. 'Such pricing practices may inadvertently facilitate the unauthorized use of subsidized administered price mechanism (APM) gas by commercial consumers who may be misclassified as domestic consumers.'The regulator further said that 'genuine domestic consumers with higher consumption levels may be unfairly subjected to elevated charges,' despite the government supplying natural gas to CGD entities at a uniform rate.The domestic gas is sold to companies 'at a concessional rate compared to market or spot LNG prices,' the regulator said.PNGRB also advised city gas companies to undertake a thorough review of consumption patterns and 'investigate anomalous cases where domestic consumers exhibit significantly higher usage relative to industry average' and, based on the findings, take suitable corrective measures.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Social media monitors us constantly, need to regulate: Centre tells Karnataka HC in X Corp case
Social media monitors us constantly, need to regulate: Centre tells Karnataka HC in X Corp case

Time of India

time2 hours ago

  • Time of India

Social media monitors us constantly, need to regulate: Centre tells Karnataka HC in X Corp case

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel There was an urgent need for regulation in the digital space, due to the constant surveillance by social media, rising cybercrime, and the evolving threat landscape, the Centre told the Karnataka High Court during a hearing on the X Corp (formerly Twitter) case over content takedown General Tushar Mehta, appearing for the Union Government, argued that internet intermediaries like 'X' must act responsibly and cannot claim the same constitutional rights as hearing, before Justice N Nagaprasanna, pertained to X Corp's challenge to the applicability of Section 79(3)(b) of the Information Technology Act. It had earlier contended that Section 79(3)(b) of the IT Act, often used to justify takedown directives, cannot serve as an independent source of executive power to block said that blocking orders can only be issued through due process under Section 69A read with the IT Rules and not via direct instructions under Section the extent of digital surveillance , Mehta told the court: "Today, even a smart TV with a camera is a potential surveillance tool. Many public figures ask visitors to leave their phones outside because these devices have effectively become recorders. We are being continuously monitored by social media," he Solicitor General also touched upon the growing influence of Artificial Intelligence, calling it a developmental boon but also a potential noted that legal frameworks must evolve to address the threats posed by technological X Corp's claim that it enjoys rights under Article 19 ( Freedom of Speech and Expression), Mehta asserted that such protections are reserved for individuals, not platforms."X is simply a notice board. Only those who post content can claim Article 19 protections," he said, adding that the Supreme Court in Shreya Singhal v Union of India had clarified that content on public platforms can be regulated in public the issue of intermediary liability , Mehta referred to Rule 3(1)(d) of the IT Rules 2021, which requires intermediaries to remove unlawful content upon government or court notification. Failure to comply results in the loss of "safe harbour", a legal immunity provided under Section 79 of the IT clarified that Section 79 is not a penal provision, but a protective exception that intermediaries lose if they ignore legal notices. "Section 79 is an exception to the rule. You can't claim exemption without accountability," Mehta the government's push for regulation, Mehta said cybercrime complaints in the country rose from around 26,000 in 2019 to over 22.6 lakh in 2024--a staggering 401 per cent increase."This massive surge shows the internet is facing threats that endanger individuals, communities, and the nation. A coordinated response involving law enforcement, platforms, and regulators is essential," he to a recent Supreme Court observation in the Ranveer Allahbadia case, Mehta stressed the need to regulate vulgar and harmful content while protecting free speech."The platform itself amplifies content through algorithmic sequencing. If you watch something repeatedly on YouTube, it appears on top--this is curated amplification," he bench acknowledged that digital platforms are designed to boost user engagement through algorithmic preference and noted that such mechanisms raise questions about the neutrality of case will be heard again on July 18.

Venus Williams' net worth nearly 100 times greater than fiance Andrea Preti's
Venus Williams' net worth nearly 100 times greater than fiance Andrea Preti's

Economic Times

time5 hours ago

  • Economic Times

Venus Williams' net worth nearly 100 times greater than fiance Andrea Preti's

HOW VENUS WILLIAMS BUILT HER WEALTH Live Events Tennis Prize Money: $42 million Endorsements & Sponsorships: $30 million Apparel & Business: $10 million Real Estate: $17.7 million Vehicles & Luxury Goods: $3 million Total Net Worth: $95 million HOW ANDREA PRETI BUILT HIS WEALTH (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Legendary tennis player Venus Williams ' net worth is estimated to be around $95 million, making it nearly 100 times greater than that of her fiance, Andrea Preti . While Preti has carved out a respectable career as a model, actor, and producer in Italy, his estimated net worth is reportedly $1 on the other hand, has amassed her fortune through an illustrious tennis career, endorsements, and business ventures, including her interior design firm and fashion the financial gap, the couple seems focused on their shared connection, keeping their relationship largely private as they prepare for a September wedding in her remarkable 25-year tennis career, Venus earned around $42 million in prize money, thanks to consistent top-level performances and deep Grand Slam runs. During her peak seasons, she reportedly pocketed up to $2 million per tournament at major events, according to the court, Venus has been just as successful. She earned an estimated $6 million annually through endorsement deals with top brands like Nike , Wilson, and Gatorade. In 2018, she signed a multi-year $5 million partnership with Porsche, further solidifying her commercial is also a savvy entrepreneur. Her fashion brand, EleVen by Venus Williams, brings in about $10 million a year. Additionally, she supplements her income with public speaking engagements and appearances, adding approximately $1 million annually to her impressive earnings real estate portfolio reflects her elite status. She owns a stunning $12 million beachfront estate in Palm Beach, Florida, featuring private tennis courts and spa-level amenities. For seasonal getaways, she retreats to a $4.5 million home in the Hamptons, offering seclusion and coastal charm. Additionally, Venus maintains a $2.2 million residence in St. Louis - a personal nod to her childhood roots and family estimated net worth is approximately $1 million, built through a diverse career in the entertainment and fashion industries. His income sources include acting roles in television and film, directing projects such as the 2014 film One More Day, and a successful run in modeling. He has also participated in several fashion campaigns and made appearances on Italian television, including reality shows like La Talpa. While the full extent of his assets remains private, Preti's lifestyle and professional presence suggest a steady level of success and financial stability within the European entertainment world.

PNGRB directs city gas companies to stop volume-based differential pricing
PNGRB directs city gas companies to stop volume-based differential pricing

Time of India

time9 hours ago

  • Time of India

PNGRB directs city gas companies to stop volume-based differential pricing

The Petroleum and Natural Gas Regulatory Board ( PNGRB ) has directed city gas companies to charge a uniform rate for household fuel, regardless of consumption levels, in a bid to end the practice of some firms charging higher prices beyond a certain usage threshold. 'It has come to the Board's notice that certain city gas distribution (CGD) entities are implementing a telescopic pricing structure for piped natural gas (PNG) domestic consumers, wherein the per SCM (Standard Cubic Meter) price of natural gas escalates as consumption surpasses a predefined threshold,' the downstream regulator said. 'Such pricing practices may inadvertently facilitate the unauthorized use of subsidized administered price mechanism (APM) gas by commercial consumers who may be misclassified as domestic consumers.' The regulator further said that 'genuine domestic consumers with higher consumption levels may be unfairly subjected to elevated charges,' despite the government supplying natural gas to CGD entities at a uniform rate. The domestic gas is sold to companies 'at a concessional rate compared to market or spot LNG prices,' the regulator said. PNGRB also advised city gas companies to undertake a thorough review of consumption patterns and 'investigate anomalous cases where domestic consumers exhibit significantly higher usage relative to industry average' and, based on the findings, take suitable corrective measures.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store