The government has opened up the hitherto state-dominated fuel retail market by allowing private players, including foreigners as well as non-oil companies, to set up petrol pumps in the country. However, those looking for a licence to retail hydrocarbons need to open at least 100 outlets, with 5% of those in designated remote areas. This liberalisation would bring in the much-needed competition as well as capital into one of the world\u2019s fastest-growing fuel markets. As per the norms released on 26 November, licensees must set up stations for dispensing at least one new-generation alternative fuel\u2014such as CNG, a bio-fuel, LNG\u2014or put up electric charging points within three years of a pump starting operations.<\/p>\n
The norms are in sync with the government\u2019s effort to push automakers towards environment-friendly modes of mobility. It\u2019s clear that various vehicles will have to co-exist for years to come. Millions of Indians have yet buy their first car\u2014the number of passenger cars is expected to rise six-fold in the next 20 years\u2014and so the market potential is enormous.<\/p>\n","protected":false},"excerpt":{"rendered":"
The government has opened up the hitherto state-dominated fuel retail market by allowing private players, including foreigners as well as non-oil companies, to set up petrol pumps in the country. However, those looking for a licence to retail hydrocarbons need to open at least 100 outlets, with 5% of those in designated remote areas. This liberalisation would bring in the much-needed competition as well as capital into one of the world\u2019s fastest-growing fuel markets. As per the norms released on 26 November, licensees must set up stations for dispensing at least one new-generation alternative fuel\u2014such as CNG, a bio-fuel, LNG\u2014or […]<\/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-303250","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\/303250","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=303250"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303250\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}