A
2 only
B
1 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (b) 1 only
Explanation
Statement 1 is correct as the Petroleum Act, 1934 is administered in technical safety matters by PESO under DPIIT. Statement 2 is incorrect because the amendments aim to decriminalise minor technical offences by replacing criminal prosecution with civil fines, rather than enhancing prison sentences.
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