Consider the following statements :

Q. Consider the following statements :

1. Petroleum and National Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India.
2. One of the tasks of PNGRB is to ensure competitive markets for gas.
3. Appeals against the decisions of PNGRB go before the Appellate Tribunals of Electricity.

Which of the statements given above is/are correct?

1. 1 and 2 only
2. 2 and 3 only
3. 1 and 3 only
4. 1,2 and 3

Answer: 2 and 3 only

• PNGRB was established in 2006 under Petroleum and Natural Gas Regulatory Board Act, 2006.
• Its mandate is to regulate refining, transport and marketing of petroleum products.
• It also ensures enough supply across country, foster fair trade, protect consumer interest and authorise companies that will build and operate fuel pipelines.
• The PNGRB consists of Chairperson, a Member (Legal) and three other members.
• It also has power of civil court and bench comprising member (legal) and one or more members nominated by chairperson which decides on disputes arising among downstream companies or with outsiders.