Reliance Industries, Reliance-BP Mobility get fuel retailing licence
The government has granted auto fuel retailing licence to seven new entities including Reliance Industries Ltd and a joint venture of Reliance and BP, Minister of State for Petroleum and Natural Gas Rameswar Teli said on Monday. The licences were given under a new liberalised rule that allows any entity with a minimum net worth of Rs 250 crore to apply for authorisation to retail petrol and diesel.
Under the November 2019 policy, “marketing authorisation” has been granted to Reliance Industries Ltd, IMC Ltd, Onsite Energy Pvt Ltd, Assam Gas Company, M K Agrotech, RBML Solutions India Ltd and Manas Agro Industries and Infrastructure, Teli said in a written reply to the Lok Sabha.
