“The new entrants to petroleum retailing business should conduct a thorough market study before venturing into the field rather than simply making investments in the sector,” said Anand Karnad, General Secretary of Karnataka State Federation of Petroleum Dealers.
Addressing presspersons in Mangaluru on Monday, Karnad said that many of the new entrants to this business are approaching the federation with grievances on the viability of their new projects. Let the new entrants conduct a market study and venture into the petroleum products retailing business, only if they think their project will be viable.
