RPL, Essar, ONGC, NRL get nod for petrol, diesel retailing

The government has granted authorisation to Reliance Petroleum (RPL), Essar Oil (EOL), Oil and Natural Gas Corporation (ONGC) and Numaligarh...

The government has granted authorisation to Reliance Petroleum (RPL), Essar Oil (EOL), Oil and Natural Gas Corporation (ONGC) and Numaligarh Refineries Ltd (NRL) to sell petrol and diesel. These companies had earlier applied for license to set up retail outlets for petrol and diesel since marketing was freed after the dismantling of the administered price mechanism (APM).

The government had set a clause that the candidates who would be allowed in retail marketing should or plan to invest Rs 2,000 crore. Under this criteria apart from the PSUs like IOC, HPCL and BPCL, Reliance, Essar, ONGC and NRL also qualified.

However, marketing rights to state-run ONGC and private-sector EOL are conditional to their providing information on product sourcing, Petroleum Minister Ram Naik told reporters. While RPL has been granted rights to sell petrol and diesel from 5849 retail outlets (ROs) spread across the country, government has approved EOL’s plans to set up 1700 ROs. ONGC has been given authorisation to retail petrol and diesel through 600 filling stations in Maharahstra, Andhra Pradesh and Gujarat, Naik said, adding NRL would set up 510 retail outlets primarily in north eastern states.

After the deregulation of petroleum sector, government received applications from ONGC, NRL, RPL and EOL for authorisation to market transporation fuels.

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