{"id":297729,"date":"2019-10-24T10:35:01","date_gmt":"2019-10-24T05:05:01","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297729"},"modified":"2019-10-24T10:53:49","modified_gmt":"2019-10-24T05:23:49","slug":"govt-relaxes-fuel-retailing-norms-private-firms-can-set-up-petrol-pumps","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-relaxes-fuel-retailing-norms-private-firms-can-set-up-petrol-pumps\/","title":{"rendered":"Govt relaxes fuel retailing norms, private firms can set up petrol pumps"},"content":{"rendered":"<p>Paving the way for the entry of new players in the fuel-marketing space, the government on Wednesday scrapped a rule that mandated a company to commit at least Rs 2,000-crore investment in the petroleum sector. With this, newer players like Total, Adani, and Saudi Aramco \u2014 and even super markets \u2014 can open outlets for selling automobile fuel. <\/p>\n<p>Entities seeking authorisation will now need to have a minimum net worth of Rs 250 crore only. Authorised entities will, however, have to meet certain conditions such as setting up a minimum 5 per cent of their retail outlets in the notified remote areas within five years of grant of authorisation. A mechanism has been set up to monitor this obligation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paving the way for the entry of new players in the fuel-marketing space, the government on Wednesday scrapped a rule that mandated a company to commit at least Rs 2,000-crore investment in the petroleum sector. With this, newer players like Total, Adani, and Saudi Aramco \u2014 and even super markets \u2014 can open outlets for selling automobile fuel. Entities seeking authorisation will now need to have a minimum net worth of Rs 250 crore only. Authorised entities will, however, have to meet certain conditions such as setting up a minimum 5 per cent of their retail outlets in the notified [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-297729","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=297729"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297729\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}