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Govt may levy cess on natural gas: petroleum secretary

Govt may levy cess on natural gas: petroleum secretary
PTI
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First Published: Wed, May 13 2009. 02 39 PM IST
Updated: Wed, May 13 2009. 02 39 PM IST
New Delhi: “The government may levy a cess on domestically produced natural gas to fund construction of gas pipeline network,” petroleum secretary R.S. Pandey said.
“If a 20 cents per million British thermal units cess is levied on gas price, in a year we can get Rs3,000 crore,” Pandey said addressing the India Energy Forum Meeting.
The funds generated through the cess can be used for construction of 500-600 km of natural gas pipeline in a year so that a criss-cross national gas highway network is established soon.
Pandey, however, said that this was only at thought stage and a proposal to this effect is yet to be moved to the government for consideration.
India currently produces about 100 million cubic meter a day of gas, including 25 mmscmd from Reliance Industries Eastern Offshore KG D-6 fields.
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First Published: Wed, May 13 2009. 02 39 PM IST