Consider the following activities:
I. Production of crude oil
II. Refining, storage and distribution of petroleum
III. Marketing and sale of petroleum products
IV. Production of natural gas
How many of the above activities are regulated by the Petroleum and Natural Gas Regulatory Board in our country?
Answer:
(b)
Difficult
Application Based
Non-traditional
Under the Petroleum and Natural Gas Regulatory Board (PNGRB) Act, 2006, the PNGRB is entrusted with regulating downstream activities in the petroleum and natural gas sector, specifically focusing on refining, processing, storage, transportation, distribution, marketing, and sale of petroleum, petroleum products, and natural gas. However, the Act explicitly excludes the production of crude oil and natural gas from its regulatory scope . Therefore, among the activities listed—production of crude oil, refining, storage and distribution of petroleum, marketing and sale of petroleum products, and production of natural gas—only the latter three fall under the regulatory purview of the PNGRB. Consequently, only three of the four activities are regulated by the PNGRB