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UPSC Prelims 2025 GS Paper 1, question 60

Topic: Economy

Q60

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?

  1. (a) Only one
  2. (b) Only twoCorrect answer
  3. (c) Only three
  4. (d) All the four

Solution.

Answer: (b) Only two

  1. Items I and IV are incorrect: under Section 11 of the Petroleum and Natural Gas Regulatory Board (PNGRB) Act, 2006, the Board's regulatory mandate explicitly excludes the upstream production of crude oil and natural gas.
  2. Items II and III are correct: the PNGRB regulates the refining, storage, transportation, distribution, marketing, and sale of petroleum, petroleum products, and natural gas.