Petroleum and Natural Gas Regulatory Board has announced a temporary waiver of imbalance charges for entities, shippers, and consumers, citing the ongoing geopolitical crisis in the Gulf region. In a statement, the Board said that the decision has been taken in view of uncertainties and disruptions affecting energy supplies, logistics, and market conditions. The Board said that the waiver will remain applicable till the 30th of June of this year. It noted that the relief measure is aimed at addressing extraordinary challenges arising from the current situation in Gulf countries, which has adversely impacted supply conditions and operational balancing in the gas sector. It also said that during this period, no imbalance charges will be levied on concerned entities or shippers for gas scheduling, offtake, transportation, or balancing. However, the Board added that all concerned entities will be required to comply with other applicable terms, regulations, and operational requirements.