A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (a) 1 only
Explanation
Statement 1 is correct as OMCs such as IOCL, BPCL, and HPCL are state-owned enterprises responsible for refining, distributing, and retailing petroleum products. Statement 2 is incorrect because OMCs operate under the Ministry of Petroleum and Natural Gas, not the Ministry of New and Renewable Energy.
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