New Delhi : The Expert Committee constituted to recommend relaxation of rules related to the business of retail sale of petrol pump and aircraft fuel (ATF) and expansion of the role of private sector in it invited the people's views before finalizing their recommendations. is. The oil ministry had formed a five-member expert committee last month to ease the rules regarding licensing of fuel retail sale.
A notice issued by the ministry says, "The first meeting of the committee happened on 2 November. The committee wants to know the opinions / suggestions of all parties and common people. "The committee has asked to give opinion on this issue within two weeks. At present, an investment of Rs 2,000 crore is required for the acquisition of a company's hydrocarbon exploration and production, refining, pipeline or liquidated natural gas terminal for obtaining a license for the retail sale of oil in India.
The committee has been asked to submit its report within 60 days after consultation with relevant parties. At present, there are 63,498 petrol pumps in the country. Most of these pumps are from government companies. Private and foreign companies such as Reliance Industries, Essar Oil (now Nayara Energy), Royal Dutch Shell have got a license to run a petrol pump business.
1400 of Reliance, 4,833 of Nyara and 114 of Shell are running. The UK BP has got a license to open 3500 pumps but it has not started the business. The Adani group has announced the opening of 1500 petrol pumps in 10 years with the French company Total.