Consider the following activities: I. Production of crude oil II. Refining, storage and distribution of…
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?
Only one
Only two
Only three
All the four
Solution
PNGRB regulates refining/storage/distribution (II) and marketing/sale (III) of petroleum and natural gas. Production of crude oil and natural gas (upstream) is regulated by DGH, not PNGRB. Hence two. [Sources disagree: Insights IAS — B; Prepp — A. Flagged as provisional.]