You are here: Home » Economy & Policy » News
Business Standard

Modi govt relaxes norms for setting up fuel stations in the country

The new rules will allow companies to set up electric vehicle charging stations, and sell gas, petrol and diesel at their pumps

Reuters 

Prakash Javadekar

India on Wednesday relaxed norms for setting up fuel stations in the country, the information and broadcasting minister said, a move that could help private and foreign firms to enter a sector dominated by state-owned companies.

The new rules will allow companies to set up electric vehicle charging stations, and sell gas, petrol and diesel at their pumps, told a conference.

"Companies would be able to sell all sorts of transportation fuels at their petrol pumps," Javadekar said.

Global oil companies including Saudi Aramco, Trafigura's downstream arm Puma Energy and France's Total are interested in setting up fuel stations in India, where fuel demand is expected to rise in the years to come.

First Published: Wed, October 23 2019. 17:01 IST
RECOMMENDED FOR YOU