Oil Ministry authorises new companies to sell auto fuels in the country

The Ministry of Petroleum and Natural Gas has granted seven authorisations to companies for selling auto fuels in the country. These new approvals are under the relaxed guidelines for authorization to market transportation fuels that were revised in 2019. This is expected to make the competition more intense in India’s petroleum retail business.

According to a top ministry official, a fresh marketing authorisation has been granted to Reliance Industries (RIL) under these norms. This is being done as RIL’s existing Retail Marketing Authorisation has been transferred to its subsidiary Reliance BP Mobility (RBML). This was required since the Mukesh Ambani group has reorganised its petroleum to chemicals business. Another authorisation has been granted to RBML Solutions India under these new rules.