{"id":297754,"date":"2019-10-24T11:30:17","date_gmt":"2019-10-24T06:00:17","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297754"},"modified":"2019-10-24T11:30:17","modified_gmt":"2019-10-24T06:00:17","slug":"small-players-can-now-enter-the-fuel-retailing-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/small-players-can-now-enter-the-fuel-retailing-business\/","title":{"rendered":"Small players can now enter the fuel retailing business"},"content":{"rendered":"<p>The cabinet committee on economic affairs (CCEA) on Wednesday opened up the fuel retail market by lowering the entry barrier and allowing all companies with a net worth of \u20b9250 crore to set up outlets.<\/p>\n<p>To boost investments in the domestic economy, which is battling a severe demand slowdown, the Centre also allowed companies the flexibility to stitch up a joint venture (JV) to meet the eligibility criteria.<\/p>\n<p>The existing rules required prior investments of \u20b92,000 crore for companies to enter the fuel retail segment, which many believed, favoured state-run oil marketing companies (OMCs), including Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cabinet committee on economic affairs (CCEA) on Wednesday opened up the fuel retail market by lowering the entry barrier and allowing all companies with a net worth of \u20b9250 crore to set up outlets. To boost investments in the domestic economy, which is battling a severe demand slowdown, the Centre also allowed companies the flexibility to stitch up a joint venture (JV) to meet the eligibility criteria. The existing rules required prior investments of \u20b92,000 crore for companies to enter the fuel retail segment, which many believed, favoured state-run oil marketing companies (OMCs), including Indian Oil Corp. Ltd (IOCL), [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-297754","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297754","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=297754"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297754\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}