law: The Petroleum and Natural Gas Regulatory Board Act, 2006
  22. Transportation
  
  tariff.-
  1.  Subject
  
  to the provisions of this Act, the Board shall lay down, by regulations, the
  
  transportation tariffs for common carriers or contract carriers or city or
  
  local natural gas distribution network and the manner of determining such
  
  tariffs.
  2.  For
  
  the purposes of sub-section (1), the Board shall be guided by the following,
  
  namely:-
  a.   the factors which may
  
  encourage competition, efficiency, economic use of the resources, good
  
  performance and optimum investments;
  b.   safeguard the
  
  consumer interest and at the same time recovery of cost of transportation in a
  
  reasonable manner;
  c.   the principles
  
  rewarding efficiency in performance;
  d.   the connected
  
  infrastructure such as compressors, pumps, metering units, storage and the like
  
  connected to the common carriers or contract carriers;
  e.   benchmarking against
  
  a reference tariff calculated based on cost of service, internal rate of
  
  return, net present value or alternate mode of transport;
  f.   policy of the Central
  
  Government applicable to common carrier, contract carrier and city or local
  
  distribution natural gas network.