Poaching Of Retail Oil Outlets May Be Banned

All new entrants in the oil marketing sector, both domestic and multinational players, are likely to be banned from poaching retail outlets of existing marketing public sector companies. The move, among other things, will foster competition for Bharat Petroleum Corporation and Hindustan Petroleum Corporation, which are set to be put on the block in the coming fiscal.

In its final draft of the Petroleum Regulatory Board Bill, 2002, the ministry of petroleum and natural gas has suggested that the