The Government has finally woken up to the long pending demand of the consumers as well as the industry to constitute a Petroleum & Natural Gas Regulatory Board. 
Th e enactment of the Petroleum & Natural Gas Regulatory Board Act, 2006 (PNGRB Act, 2006) had become essential, due to the flooding of the sector by domestic and foreign oil giants. Furthermore, with the needs and demand for energy security growing at a phenomenal rate, it is imperative that the country has appropriate laws to regulate the refining, processing, storage, transportation, distribution, marketing and sale of petroleum products and natural gas. The Act would not be applicable to the production of crude oil and natural gas (Gas pricing will also not be under the jurisdiction of the Board).
Th e enactment of the Petroleum & Natural Gas Regulatory Board Act, 2006 (PNGRB Act, 2006) had become essential, due to the flooding of the sector by domestic and foreign oil giants. Furthermore, with the needs and demand for energy security growing at a phenomenal rate, it is imperative that the country has appropriate laws to regulate the refining, processing, storage, transportation, distribution, marketing and sale of petroleum products and natural gas. The Act would not be applicable to the production of crude oil and natural gas (Gas pricing will also not be under the jurisdiction of the Board).For Complete IIPM Article, Click on IIPM Article
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
