New Delhi: State-owned oil companies have issued letters of intent for more than 9,000 new petrol pumps as part of their biggest-ever expansion of fuel retail network.
The companies are moving quickly to select dealers for new pumps that would help double their retail network in just a few years, serve customers better in less-penetrated micro markets and meet the growing challenge from the private sector.
In November 2018, Indian Oil CorporationNSE -0.23 % (IOC), Bharat Petroleum Corporation Ltd (BPCLNSE 0.49 %) and Hindustan Petroleum Corporation LtdNSE -0.33 % (HPCL) had launched the process to select petrol pump dealers at about 78,500 locations
