PETROLEUM & NATURAL GAS REGUL.BOARD vs INDRAPRASTHA GAS LTD..

The Supreme Court held that the Petroleum and Natural Gas Regulatory Board is not empowered under the Petroleum and Natural Gas Regulatory Board Act, 2008 to fix or regulate the maximum retail price of gas or any component of network tariff or compression charge for entities with their own distribution networks. The Court quashed the High Court's ruling that deemed the Board's order unsustainable, affirming that the Board's actions were within its regulatory powers as per Sections 2(i), (m), and (w) of the Act. The appeal was allowed, reinstating the Board's authority to regulate pricing and tariffs.