PNGRB has 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.
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PNGRB was constituted under The Petroleum and Natural Gas Regulatory Board Act, 2006.
Composition of PNGRB
- The PNGRB consists of Chairperson, a Member (Legal) and three other members.
- It also has power of civil court and bench comprising member (legal) and one or more members nominated by chairperson which decides on disputes arising among downstream companies or with outsiders.
- The Act provide for the establishment of PNGRB 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.