Section 63
Transitional arrangements.
The Petroleum and Natural Gas Regulatory Board Act, 2006
About this Act
An Act to provide for the establishment of Petroleum and Natural Gas Regulatory Board to regulate the refining, processing, storage, transportation, distribution, marketing and sale of petroleum, petroleum products and natural gas excluding production of crude oil and natural gas so as to protect the interests of consumers and entities engaged in specified activities relating to petroleum, petroleum products and natural gas and to ensure uninterrupted and adequate supply of petroleum, petroleum products and natural gas in all parts of the country and to promote competitive markets and for matters connected therewith or incidental thereto.
(1) Where, before the commencement of this Act, an agreement
or agreements have been entered into between one oil company and another for the purpose of sharing of
petroleum products or sharing of infrastructure facilities among the oil companies and such agreements
have been approved by the Central Government, the Board may monitor the implementation of such
agreements for the transition period.
(2) The Board shall monitor setting up of dealerships and distributorships of motor spirit, high speed diesel, superior kerosene oil, liquefied petroleum gas and CNG stations for natural gas during transition period by the entities without encroaching on the retail network of the existing entities.
Explanation I.--For the purposes of this section, the expression "transition period" shall mean a period of three years from the date of commencement of this Act.
Explanation II.--For the purposes of this section, "infrastructure facilities" shall mean facilities at ports, refineries, terminals, depots and aviation fuelling stations including hydrant lines and shall include loading and unloading facilities.
Explanation III.--For the purposes of this section "encroaching" includes taking over of retail outlet of one entity by another.
(2) The Board shall monitor setting up of dealerships and distributorships of motor spirit, high speed diesel, superior kerosene oil, liquefied petroleum gas and CNG stations for natural gas during transition period by the entities without encroaching on the retail network of the existing entities.
Explanation I.--For the purposes of this section, the expression "transition period" shall mean a period of three years from the date of commencement of this Act.
Explanation II.--For the purposes of this section, "infrastructure facilities" shall mean facilities at ports, refineries, terminals, depots and aviation fuelling stations including hydrant lines and shall include loading and unloading facilities.
Explanation III.--For the purposes of this section "encroaching" includes taking over of retail outlet of one entity by another.