60

Question 60

Set 1

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QQuestion

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?

OOptions

A
A) Only one
B
B) Only two
C
C) Only three
D
D) All the four

Correct Answer

B) Only two

DDalvoy Solutions

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.

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SUPSC Prelims Strategy and Tips

For regulatory body questions, distinguish between upstream (exploration and production) and downstream (refining, distribution, marketing) activities. Different regulators often handle different segments of the value chain.

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