2026 Current Affairs practice question for Railways, SSC, UPSC. Review the correct answer and explanation, then continue with related practice below.
Consider the following statements regarding the Petroleum and Natural Gas Rules, 2025: 1. A single petroleum lease system replaces multiple licences. 2. Leases can initially be granted for up to 30 years. 3. Petroleum lease applications must be processed within 180 days. 4. Continued violations may attract ₹25 lakh plus ₹10 lakh per day. Which of the statements given above are correct?
Correct Answerसही उत्तर
D. 1, 2, 3 and 4D. 1, 2, 3 और 4
Explanationव्याख्या
All four statements are correct according to the source.
The rules consolidate licensing through a single petroleum lease, permit an initial period of up to 30 years, impose a 180-day processing timeline and replace criminal penalties with financial penalties of ₹25 lakh plus ₹10 lakh per day for continued violations.
Source के अनुसार सभी four statements सही हैं। Rules single petroleum lease introduce करते हैं, maximum initial period 30 years रखते हैं, applications के लिए 180-day processing timeline देते हैं और criminal penalties को ₹25 lakh plus ₹10 lakh per day financial penalty से replace करते हैं।
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