Revenue neutrality or hidden windfall? The big fight over GAIL’s tariff maths – 20 May 2025

In a recent analyst call, GAIL has claimed that it has submitted a proposal to raise the unified tariff from Rs. 58/mmBtu to Rs. 77/mmBtu, claiming that with even a conservative hike to Rs. 70–72/mmBtu is likely to yield significant gains

Competitors are questioning whether GAIL’s tariff reset violates a basic promise of revenue neutrality.

The numbers suggest tariff math may be quietly boosting profits under the guise of integration.