Oil and Gas
Oil and Gas
The Petroleum and Natural Gas Regulatory Board Act, 2006: The Petroleum and Natural Gas Regulatory Board (PNGRB) was constituted under this act. The act further provides for PNGRB to regulate the refining, processing, storage, transportation, distribution, marketing and sale of petroleum, petroleum products and natural gas excluding production of crude oil and natural gas so as to protect the interests of consumers and entities engaged in specified activities relating to petroleum, petroleum products and natural gas and to ensure uninterrupted and adequate supply of petroleum, petroleum products and natural gas in all parts of the country and to promote competitive markets and for matters connected therewith or incidental thereto.
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