Opinion | New fuel marketing norms will enhance country’s supply infra

The oil and gas sector in India has seen considerable reforms in the last six years. Policies like HELP, OALP and DSF have attracted more investment in the sector through improvements in fiscal terms i.e. doing away with production sharing contracts and allowing marketing and pricing freedom; resolving issues in existing fields and aiding development of resources which have already been discovered. The new guidelines for marketing fuel tackle the consumer end of the sector and help in enhancing the supply infrastructure.

The earlier rationale that granting authorization for retail operations was to be an incentive for investing in refineries or in exploration and production (E&P) in the sector does not hold value anymore.