Simplified guidelines for authorization for fuel retail
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Simplified guidelines for authorization for fuel retail

The Ministry of petroleum and Natural Gas vide Resolution dated 08.11.2019 has simplified the guidelines for grant of authorization for bulk and retail marketing of Motor Spirit (Petrol) and High Speed Diesel (Diesel). The simplified guidelines aim at increasing private sector participation in the marketing of MS and HSD. 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.500crore in case of authorization for both retail and bulk). Applications may be submitted in prescribed Application Form directly to the Ministry. 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. The policy has the potential to revolutionise marketing of Transport fuels in the country.

Read Gazette Notification

 
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