Opening up of auto fuel retailing doesn’t worry us: IndianOil chief
India’s largest auto fuel retailer Indian Oil Corporation Ltd (IndianOil) says it is not just about having petrol pumps; the real challenge is to make them work 24×7, 365 days.
The government recently liberalised the fuel retail policy, allowing non-oil companies also to enter the business.
According to Sanjiv Singh, Chairman IndianOil, “Now there is much more opportunity for medium and smaller players to come in. More healthy competition means better service for consumers.”
Asked if IndianOil, which has 28,237 petrol pumps out of 66,408 in the country as on November 1, felt threatened by competition, Singh told BusinessLine: “In terms of competition, the sector is already working on matching global prices — it is not a cost-plus model.
