Govt plans to ease norms for entry of private players into fuel retailing

Removing barriers may also lead to the entry of more players like French major Total SA into India's petroleum retail segment

The government is planning to ease norms for the entry of more private players into fuel retailing.

It has set up a committee headed by economist Kirit Parikh to review the marketing guidelines for the sector. According to multiple sources close to the development, the panel may look into facilitating the entry of multinational companies into the arena. 

“It may consider ideas related to innovative marketing models like selling petrol and diesel through your nearest hypermarket, similar to those in the UK and France,” said a person close to the development. 

This comes hot on the heels of Indian Oil