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 a

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Q: 32 (IAS/2025)
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?

question_subject: 

Polity

question_exam: 

IAS

The Petroleum and Natural Gas Regulatory Board (PNGRB) regulates the refining, storage, distribution, marketing, and sale of petroleum products and natural gas. However, it does not regulate the production of crude oil and natural gas. Therefore, activities II, III, and part of IV (excluding production) are regulated by the PNGRB, making it a total of two activities (II and III) that are fully regulated by the board.