Petroleum regulatory updates India (Business Opportunities - Marketing & Sales)
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Item ID 3176691 in Category: Business Opportunities - Marketing & Sales
Petroleum regulatory updates India | |
Petroleum regulatory updates India India's petroleum regulatory landscape has undergone significant reforms in 2024 to modernize the sector and attract investment. The Oilfields (Regulation and Development) Amendment Bill, 2024, passed in March 2025, expands the definition of "mineral oils" to include unconventional hydrocarbons like shale gas and coal bed methane. It replaces "mining leases" with "petroleum leases," streamlining exploration and production activities. The Bill decriminalizes certain offenses, imposing financial penalties up to ₹25 lakh, and introduces adjudication mechanisms to enhance compliance. Additionally, the Petroleum and Natural Gas Regulatory Board (PNGRB) revised petroleum pipeline tariffs, effective August 2024, implementing independent yardsticks for tariff determination, moving away from reliance on railway freight charges. These reforms aim to foster a more efficient, transparent, and investor-friendly environment in India's oil and gas sector, Petroleum regulatory updates India, Indianpetroplus #PetroleumregulatoryupdatesIndia #Indianpetroplus | |
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| Target State: All States Target City : All Cities Last Update : 27 May 2025 1:37 AM Number of Views: 65 | Item Owner : Indianpetroplus Contact Email: Contact Phone: (None) |
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2025-08-02 (0.603 sec)