Real Regulatory Body:
PNGRB or the CCI
by - Aparajita Anand [college of Legal Studies, UPES, Dehradun]
“India should avoid too many regulations.”
-Dr. Rangarajan (Former RBI governor)
Regulatory reforms have played vital role in this larger and upcoming economy. The enterprises in
developing countries face the liberalization of markets. Guiding these, not only the regulatory process but
also competition law and policy have been among those challenges. During 1980s – 1990s, several countries
started processing economic liberalization and adopted policies of privatization, trade liberalization and
deregulation. Countries face different outcomes by the virtue of different mechanism in competition maFers.
Such different mechanism create not only the confusions from stake holder’s perspective but also lead to
forum shopping such differences reflects the absence of clearly defined jurisdictions in the maFers of
regulation, leaving the interface and turf between two authorities in handling maFers related to competition.
This industry is one of the upcoming and complete industries of Indian economy absorbing the extremes of
monopoly and the already prevailing competition. It is not a hidden observation that the flows in Petroleum
Industry are extremely large when compared to the extraction of petroleum from underground reserves.
Petrol and high speed diesel oil are the reasons of running motor vehicles. Both these fuels are derived from
the mineral oil. This very fact brings in the third part of petroleum industry that is ‘downstream’ which is
responsible for the distribution of products. The downstream sector is further sub-‐‑divided in four
categories:-‐‑ 1)Exploration and production, 2) Refining and marketing, 3) Transportation and marketing,
4)Crude oil and petroleum products pipelines.
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