https://www.taxtmi.com/caselaws?id=186276 The Supreme Court affirmed the High Court's decision that the Petroleum and Natural Gas Regulatory Board (PNGRB) lacks the authority to fix or regulate the maximum retail price (MRP) of gas sold by entities to consumers. Additionally, the PNGRB is not empowered to fix network tariff or compression charge for entities with their own distribution networks. The Court declared the PNGRB (Determination of Network Tariff for City or Local Natural Gas Distribution Networks and Compression Charge for CNG) Regulations, 2008, as ultra vires the Act. The Supreme Court emphasized that the PNGRB's regulatory powers are limited to ensuring fair competition and preventing restrictive trade practices, not price control. en-us Wed, 01 Jul 2015 00:00:00 +0530 Tue, 13 Sep 2016 14:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186276 The Supreme Court affirmed the High Court's decision that the Petroleum and Natural Gas Regulatory Board (PNGRB) lacks the authority to fix or regulate the maximum retail price (MRP) of gas sold by entities to consumers. Additionally, the PNGRB is not empowered to fix network tariff or compression charge for entities with their own distribution networks. The Court declared the PNGRB (Determination of Network Tariff for City or Local Natural Gas Distribution Networks and Compression Charge for CNG) Regulations, 2008, as ultra vires the Act. The Supreme Court emphasized that the PNGRB's regulatory powers are limited to ensuring fair competition and preventing restrictive trade practices, not price control. Case-Laws Indian Laws Wed, 01 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186276