The Petroleum and Natural Gas Regulatory Board Act, 2006

The Petroleum and Natural Gas Regulatory Board Act, 2006 was enacted to establish a regulatory framework for the refining, processing, storage, transportation, distribution, marketing, and sale of petroleum, petroleum products, and natural gas. The Act establishes the Petroleum and Natural Gas Regulatory Board (PNGRB) as the regulatory authority for the downstream petroleum and natural gas sector. The PNGRB is responsible for the regulation of refining, processing, storage, transportation, distribution, marketing, and sale of petroleum, petroleum products, and natural gas. The Act also provides for the setting up of a Petroleum and Natural Gas Appellate Tribunal to adjudicate disputes arising from the decisions of the PNGRB. The Act defines the powers and functions of the PNGRB and the Appellate Tribunal, and lays down the rules and regulations for the conduct of their business.