India's Ministry of Petroleum and Natural Gas designates PPAC to collect fuel and gas stock data
→Producers' and refinery reporting teams must submit detailed fuel and gas data to PPAC
Change
India's Ministry of Petroleum and Natural Gas has designated the Petroleum Planning and Analysis Cell (PPAC) as the nodal agency and requires producers and refiners to furnish detailed production, imports, exports, stocks, storage, allocation, transportation, consumption, supply and utilisation data, aggregated or disaggregated by geography, time or consumer category, under the gazette notification.
Why it matters
Data submissions must support aggregation or disaggregation by geography, time or consumer class as specified by the ministry. PPAC is required to compile and analyse all furnished datasets in its capacity as the designated nodal agency under the gazette notification.
Implications
- — Reporting teams at petroleum producers and refiners must immediately submit the specified production, import, export, stock, storage, allocation, transportation, consumption, supply and utilisation datasets to the Petroleum Planning and Analysis Cell (PPAC) — filings that omit required fields or disaggregation will be non-compliant under the gazette notification.
- — Compliance and inventory operations teams at petroleum producers and refiners must now produce and validate geography-, time- and consumer-disaggregated stock and usage records for PPAC submissions — failure to supply data in the formats specified will render a firm's submission non-compliant under the ministry's notification.
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Source
View on The Hindu