Petroleum and Natural Gas Regulatory Board (PNGRB)
Tags : GS Prelims Paper 1 GS Mains Paper 3 Indian Economy and issues relating to planning, mobilization, of resources, growth, development, and employment

About the Petroleum and Natural Gas Regulatory Board (PNGRB)

  • The Petroleum and Natural Gas Regulatory Board (PNGRB) is a statutory body, constituted under The Petroleum and Natural Gas Regulatory Board Act, 2006.
  • The Act provide for the establishment of Petroleum and Natural Gas Regulatory Board 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.
  • The PNGRB consists of Chairperson, a Member (Legal) and three other members.  
  • Headquarters - New Delhi, Delhi

Functions of Board

  • Protect the interest of consumers by fostering fair trade and competition amongst the entities;
  • Register entities to-
    • Market notified petroleum and petroleum products and, subject to the contractual obligations of the Central Government, natural gas.
    • Establish and operate liquefied natural gas terminals.
    • Establish storage facilities for petroleum, petroleum products or natural gas exceeding such capacity as may be specified by regulations.
  • Authorise entities to lay, build, operate or expand a common carrier or contract carrier and lay, build, operate or expand city or local natural gas distribution network.
  • Declare pipelines as common carrier or contract carrier.
  • In respect of notified petroleum, petroleum products and natural gas
    • Ensure adequate availability
    • Ensure display of information about the maximum retail prices fixed by the entity for consumers at retail outlets
    • Monitor prices and take corrective measures to prevent restrictive trade practice by the entities
    • Provide, by regulations, and enforce, retail service obligations for retail outlets and marketing service obligations for entities.
  • Levy fees and other charges as determined by regulations.
  • Maintain a data bank of information on activities relating to petroleum, petroleum products and natural gas.
Share:

SUBSCRIBE TO OUR NEWSLETTER