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Govt simplifies guidelines for grant of authorization for bulk & retail marketing of petrol, diesel
Aug-04-2020

With an aim to increase private sector participation, the Ministry of petroleum and Natural Gas has simplified the guidelines for grant of authorization for bulk and retail marketing of Motor Spirit (Petrol) and High Speed Diesel (Diesel). 

An entity desirous of seeking authorization for either retail or bulk must have a minimum net worth of Rs 250 crore at the time of making application (Rs 500 crore in case of authorization for both retail and bulk).

Besides, for retail authorization, the entity is required to set up at least 100 retail outlets. The policy has opened up the marketing sector of Petroleum products by removing the strict conditions applicable earlier. Also, the policy has the potential to revolutionise marketing of Transport fuels in the country.

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