Tuesday, November 26, 2019

Minimum 100 petrol pumps, 5% in remote areas: India's new liberalised fuel retail policy

The government had last month relaxed norms for setting up petrol pumps, allowing non-oil companies to market fuel in the world's fastest growing market. Prior to this change, to obtain a fuel retailing licence in India, a company needed to invest Rs 2,000 crore in either hydrocarbon exploration and production, refining, pipelines or liquefied natural gas (LNG) terminals.

from Energy-Industry-Economic Times https://ift.tt/34nnO75

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