Business Standard

Petrol, diesel may get costlier in Delhi; higher rental to affect 400 pumps

The combined impact on fuel retailing outlets is estimated at Rs 12 billion

Fuel, petrol, diesel
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Shine Jacob New Delhi
Delhiites might soon have to pay more for motor fuel, a sequel to an earlier decision by the Delhi Development Authority (DDA), the land allotment agency, putting outlets retailing these in the same commercial category as malls.  

Sources say the resulting higher rentals might affect at least 400 outlets in DDA areas. The decision to raise land rentals with effect from 2007 has been contested by Hindustan Petroleum Corporation (HPC), Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPC) in the Supreme Court. The case is in court for some months. Meanwhile, talks are on between the three oil

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