I. Production of crude oil

II. Refining, storage and distribution of petroleum

III. Marketing and sale of petroleum products

IV. Productions of natural gas

How many of the above activities are regulated by the Petroleum and Natural Gas Regulatory Board in our country?

(a) Only one

(b) Only two

(c) Only three

(d) All the four

Ans- b

Explanation 

PNGRB was constituted under The Petroleum and Natural Gas Regulatory Board Act, 2006 notified via Gazette Notification dated 31st March, 2006.

The Act provide for the establishment of Petroleum and Natural Gas Regulatory Board to protect the interests of consumers and entities engaged in specified activities relating to petroleum, petroleum products and natural gas and to promote competitive markets and for matters connected therewith or incidental thereto.

Further as enshrined in the act, the board has also been mandated 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 and to ensure uninterrupted and adequate supply of petroleum, petroleum products and natural gas in all parts of the country. 

Hence 2 and 3 are correct

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