RIL plan to supply jet fuel to Mumbai airport - Feedback

State-owned fuel marketers are pushing back against a regulatory suggestion to allow Reliance Industries Ltd.(RIL) to use their pipelines to sell jet fuel at Mumbai airport. Currently, 3 public sector oil marketing companies — Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corp. Ltd (HPCL) and Indian Oil Corporation Ltd.—fuel all aircraft at Mumbai’s Chhatrapati Shivaji International Airport through 2 pipelines from their refineries. RIL had written to the Petroleum and Natural Gas Regulatory Board (PNGRB) in November 2016 to declare these pipelines “common carriers” which would allow it to access them. On 4 May this year, the board suggested the same in a notice seeking public opinion, but OMCs are not giving up without a fight.

BPCL and HPCL say PNGRB did not consult them, and does not have the authority to impose any direction. “Though BPCL owns the pipeline, PNGRB has not heard BPCL’s view on the matter. The ATF pipeline is outside the scope and purview of the PNGRB Act and as such, PNGRB does not have the jurisdiction to declare the ATF pipeline as a common carrier,” said BPCL in its reply.

http://www.indianoilandgas.com/viewnews.php?id=37635

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *