Civil Services Examination · Question 90
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?
Show answer & explanation
Answer: (B) Only two
Explanation
PNGRB regulates downstream activities like refining/storage/distribution and marketing/sale of petroleum products; upstream production of crude oil and natural gas falls outside its regulatory ambit.