Q. With reference to the Administrative Price Mechanism (APM) in India, consider the following commodities:

1. Crude Oil
2. Natural Gas
3. Gasoline

Which of the above is/are currently under the APM regime in India?
Answer: Only 2
Notes: Only Natural Gas is currently under the Administrative Price Mechanism (APM) in India. Crude oil and gasoline (petrol) are now subject to market-determined prices. The APM system was phased out for petroleum products and crude oil, but natural gas pricing for certain allocations remains regulated.