Petroleum ministry pulls up oil firms for allocation of fewer petrol pumps

The petroleum ministry has asked oil companies to consider revision of dealer margins on Rajasthan HC directive.

The Ministry of Petroleum and Natural Gas has expressed disappointment over fewer allocation for new fuel retail outlets (petrol pumps). In a letter to Bharat Petroleum Corporation (BPCL), the industry coordinator for public sector oil companies, the Oil Ministry has asked why the draw of lots was conducted for less than half of the envisaged number of petrol pumps.

“It is observed that till date, the draw of lots has been conducted for less than 50 per cent of the locations and accordingly around 32,000 Letters of Intent (LOI) have been issued so far,” the letter from the Ministry of Petroleum