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Our Bureau

New Delhi, April 17

The Petroleum and Natural Gas Regulatory Board Bill, 2006, which provides for setting up of a regulator for downstream oil refining and fuel marketing, has become an Act with the President, Mr A.P.J. Abdul Kalam, giving his nod to the legislation passed by Parliament last month.

"This regulatory mechanism would facilitate uninterrupted and adequate supply of petroleum, petroleum products and natural gas in all parts of the country at fair price. It would promote competitive markets," a release said here.

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