GAIL (India) Ltd: PNGRB Approves 12% Increase in Tariff for GAIL’s Integrated Natural Gas Pipeline Network

GAIL (India) Ltd has informed about a material price movement in its share price on 28.11.2025. This comes after the Petroleum and Natural Gas Regulatory Board (PNGRB) published a tariff order for GAIL’s Integrated Natural Gas Pipeline (INGPL) network, effective 01.01.2026. The PNGRB has approved a levelized tariff of 765.69/MMBTU (on GCV basis) as an interim measure over the existing tariff, which primarily accounts for System Use Gas (SUG) and capacity determination. This interim adjustment represents an increase of approximately 12% compared to the previous levelized tariff of 758.61/MMBTU, leading to a positive impact of approximately Rs. 1,200 Crore. The true-up of all other parameters will be undertaken during the next tariff review exercise in FY 2027-28, effective 01.04.2028. The company cannot comment whether the material price movement is due to this news report or not.