The Union Government has allocated funds worth Rs 304.43 billion to the Ministry of Petroleum and Natural Gas (MoPNG) under the Union Budget 2026-27. The allocation is around 57.5 per cent higher than the budget estimate of Rs 193.27 billion in 2025-26 and around 2.2 per cent higher than the revised estimate of Rs 298 billion in 2025-26. Of the total allocation, Rs 2 billion has been earmarked for strategic oil reserves and around Rs 110.85 under the liquified petroleum gas (LPG) subsidy. Further, Rs 7 billion has been allocated under the programme component of the Indradhanush Gas Grid Limited (IGGL) part of the North East Natural Gas Pipeline Grid, Rs 1 billion under the scheme for providing financial support for the collection of biomass and Rs 0.2 billion for the scheme for the development of pipeline infrastructure for the injection of compressed bio gas (CBG) in the city gas distribution (CGD) network. Further, the budget speech has proposed for the value of biogas/CBG and the appropriate central tax, state tax, union territory tax or integrated tax, as the case may be, paid on such biogas or CBG contained in blended CNG, to be excluded from the transaction value for the purpose of computation of central excise duty on such blended compressed natural gas (CNG).
COPYRIGHT © 2017-2025 | SMART UTILITIES