Petronet LNG had a rough Thursday, with its shares taking an 8.5% dive during intra-day trading, landing at ₹317.95. The sell-off came hot on the heels of critical remarks from the Petroleum and Natural Gas Regulatory Board (PNGRB) about its tariff practices, alongside a bearish call from Citi. PNGRB claims that Petronet LNG has been milking its Dahej terminal’s success, hiking tariffs excessively despite operating at over 90% capacity. Regulator sure that there is “profiting immensely” at the expense of gas consumers. This isn’t just about Dahej, though—the regulator’s concern is that other LNG terminals might follow the same playbook. Petronet, however, isn’t going down without a fight. The company quickly issued a clarification, pointing out that PNGRB doesn’t have jurisdiction over LNG terminal tariffs. For investors, it’s a mixed bag. The stock has gained 53% over the past year, despite being 17% off its 52-week high of ₹384.90 from August. But with regulatory clouds gathering, the road ahead might be bumpier than expected.