Indian Economy·Policy Reforms

Coal and Petroleum Policy — Policy Reforms

Constitution VerifiedUPSC Verified
Version 1Updated 5 Mar 2026
EntryYearDescriptionImpact
Coal Mines (Special Provisions) Act 20152015Enabled allocation of coal mines for commercial mining to private companies, ending the restriction that limited private coal mining only to captive use. The Act provided for transparent auction mechanism and established regulatory framework for private coal mining operations.Transformed India's coal sector by introducing competition, potentially increasing production efficiency, and reducing coal imports. Led to the National Coal Policy 2020 and significant private investment in coal mining infrastructure.
Petroleum and Natural Gas Regulatory Board Act 20062006Established PNGRB as an independent regulatory authority for petroleum and natural gas sector, with powers to regulate downstream activities, authorize city gas distribution, and ensure fair access to petroleum infrastructure.Created institutional framework for petroleum sector regulation, promoted competition in downstream activities, and provided consumer protection mechanisms. Enabled systematic development of city gas distribution networks across India.
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