On May 28, 2019, the ministry of petroleum and natural gas has invited public comments on recommendations of an expert committee to allow firms other than oil companies to retail fuels subject to a minimum net worth criterion of Rs 250 crore.
At present, to obtain a fuel retailing licence in India, a company needs to invest Rs 2,000 crore in either hydrocarbon exploration and production, refining, pipelines or liquefied natural gas (LNG) terminals.
