The Petroleum Act, 1934

The Petroleum Act, 1934 is an Indian law that aims to regulate the import, transport, storage, production, and refining of petroleum. The act was enacted to ensure the safety of the public and the environment by regulating the production, supply, distribution, and storage of petroleum products. It also provides for the licensing of refineries, storage facilities, and transportation of petroleum products. The act empowers the central government to make rules for the inspection of refineries and storage facilities, as well as the testing of petroleum products. It also provides for penalties in case of violations of the act.