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Good news, soon anyone can open petrol pump in India

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Owning a petrol pump in India might not be an arduous task, for, the oil marketing companies are in talks with the government to allocate dealership to anybody willing to open a fuel station in the country, as per a financial daily.

As per the Economic Times report, government officials are supposedly in consultation with the executives of Indian Oil Corporation (IOC), Hindustan Petroleum Corp (HPCL) and Bharat Petroleum Corp (BPCL).

The government will soon work out the details of the plan after meeting with the executives, the paper, quoting sources said.

If the plan is implemented, anyone seeking to open a dealership can apply at any point in time and soon be awarded provided he makes the “entire investment involved in setting up a filling station”, ET further said..

PSU retailers operate over 94 percent of the 53,419 petrol pumps in the country. Of the 53,419 petrol pumps in the country, 50,447 are with Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (BPCL).

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