- PNGRB was established in 2006 under Petroleum and Natural Gas Regulatory Board Act, 2006.
- Its mandate is to regulate refining, transport and marketing of petroleum products.
- It also ensures enough supply across country, foster fair trade, protect consumer interest and authorise companies that will build and operate fuel pipelines.
- The PNGRB consists of Chairperson, a Member (Legal) and three other members.
- It also has power of civil court and bench comprising member (legal) and one or more members nominated by chairperson which decides on disputes arising among downstream companies or with outsiders.