The Hindu Business Line : Post-APM, 11 pc outlets in remote areas mandatory

AS part of ushering in complete deregulation in the oil sector, the Government has finalised the obligations incumbent on new entrants into the retail trading of transportation fuels such as petrol and diesel.

This was stated by the Minister of Petroleum and Natural Gas, Mr Ram Naik, while addressing the Parliamentary Consultative Committee attached to his Ministry.

The companies interested in entering this segment of hydrocarbon industry are required to set up at least 11 per cent of their total proposed outlets in low-service areas, including remote/far flung and hilly areas, the Minister said.

The marketing of transportation fuels was opened up this March for participation by private companies and other public sector units (PSUs) besides the existing PSU.

Subsequently, four companies have applied for authorisation to market transportation fuels, including oil PSUs Oil and Natural Gas Corporation and Numaligarh Refinery Ltd and private sector companies such as Reliance Petroleum Ltd and Essar Oil.

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