UPSC Prelims 2025·GS1·economy·economic sectors and development

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?

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Last updated 23 May 2026, 3:31 pm IST
  1. AOnly one
  2. BOnly twoCorrect
  3. COnly three
  4. DAll the four

Explanation

The Petroleum and Natural Gas Regulatory Board (PNGRB) regulates two of the mentioned activities: I. Production of crude oil: No, crude oil production is primarily regulated by the Directorate General of Hydrocarbons (DGH), not PNGRB. II. Refining, storage and distribution of petroleum: Yes, PNGRB regulates the downstream petroleum sector including refining, storage, and distribution activities. III. Marketing and sale of petroleum products: Yes, PNGRB regulates marketing and sale of petroleum products, including pricing mechanisms and distribution networks. IV. Production of natural gas: No, like crude oil, natural gas production is regulated by DGH, while PNGRB focuses on downstream activities and transportation. PNGRB's mandate covers downstream and midstream activities, not upstream production.
economy: Consider the following activities : I. Production of crude oil II. Refining, storage and distribution of petroleum III.

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