These companies have indicated that they would be setting up 8,659 retail outlets in addition to the present 18,401 and another 2,900 being planned by the state-run oil majors.
Govt Yet To Be Informed On IOC Move
Indian Oil Corporation is yet to approach the petroleum ministry for a permission to sell its stake in
While RPL has been granted rights to sell petrol and diesel from 5,849 retail outlets spread across the country, the government has approved EOL’s plans to set up 1,700 retail outlets.
ONGC has been given authorisation to retail petrol and diesel through 600 filling stations in Maharashtra, Andhra Pradesh and Gujarat, Mr Naik said, adding NRL would set up 510 retail outlets primarily in the North-Eastern states.
After the deregulation of petroleum sector, the government received applications from ONGC, NRL, RPL and EOL for marketing fuels. “These applications have been examined and were found eligible for granting the authorisation to market transportation fuels as they have already invested Rs 2,000 crore in the oil sector,” said the minister.