Govt Opens Up Fuel Retail

On November 8, 2019, the government liberalized fuel retailing norms, allowing non-oil companies to set up petrol pumps to increase competition (see box).

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.