law: The Petroleum and Natural Gas Regulatory Board Act, 2006
  Chapter III Functions
  
  and Powers of the Board
  11. Functions of the
  
  Board.-
  The Board shall-
  a.  
  
    protect
  
  the interest of consumers by fostering fair trade and competition amongst the
  
  entities;
  b.  
  
    register
  
  entities to-
   
  
  
  
   i.  
  
    market
  
  notified petroleum and petroleum products and, subject to the contractual
  
  obligations of the Central Government, natural gas;
  establish
  
  and operate liquefied natural gas terminals;
   
  
   iii.  
  
    establish
  
  storage facilities for petroleum, petroleum products or natural gas exceeding
  
  such capacity as may be specified by regulations;
  a.  
  
  
  b.  
  
  
  c.  
  
    authorise
  
  entities to-
   
  
   i.  
  
    lay,
  
  build, operate or expand a common carrier or contract carrier;
  lay,
  
  build, operate or expand city or local natural gas distribution network;
  a.  
  
  
  b.  
  
  
  c.  
  
  
  
  
  d.  
  
    declare
  
  pipelines as common carrier or contract carrier;
  e.  
  
    regulate,
  
  by regulations,-
   
  
   i.  
  
    access
  
  to common carrier or contract carrier so as to ensure fair trade and
  
  competition amongst entities and for that purpose specify pipeline access code;
  transportation
  
  rates for common carrier or contract carrier;
   
  
   iii.  
  
    access
  
  to city or local natural gas distribution network so as to ensure fair trade
  
  and competition amongst entities as per pipeline access code;
  a.  
  
  
  b.  
  
  
  c.  
  
  
  d.  
  
  
  e.  
  
  
  f.  
  
  
  
    in
  
  respect of notified petroleum, petroleum products and natural gas-
   
  
   i.  
  
    ensure
  
  adequate availability;
  ensure
  
  display of information about the maximum retail prices fixed by the entity for
  
  consumers at retail outlets;
   
  
   iii.  
  
  
  
    monitor
  
  prices and take corrective measures to prevent restrictive trade practice by
  
  the entities;
   
  
   iv.  
  
    secure
  
  equitable distribution for petroleum and petroleum products;
   
  
   v.  
  
    provide,
  
  by regulations, and enforce, retail service obligations for retail outlets and
  
  marketing service obligations for entities;
   
  
   vi.  
  
  
  
    monitor
  
  transportation rates and take corrective action to prevent restrictive trade
  
  practice by the entities;
  a.  
  
  
  b.  
  
  
  c.  
  
  
  d.  
  
  
  
  
  e.  
  
  
  f.  
  
  
  g.  
  
    levy
  
  fees and other charges as determined by regulations;
  h.  
  
  
  
    maintain
  
  a data bank of information on activities relating to petroleum, petroleum
  
  products and natural gas;
  i.  
  
    lay
  
  down, by regulations, the technical standards and specifications including
  
  safety standards in activities relating to petroleum, petroleum products and
  
  natural gas, including the construction and operation of pipeline and
  
  infrastructure projects related to downstream petroleum and natural gas sector;
  j.  
  
    perform
  
  such other functions as may be entrusted to it by the Central Government to
  
  carry out the provisions of this Act.