Key Policy Details
- In a resolution dated 08 Nov 2019, the MoPNG issued new guidelines for authorisation to market transportation fuels (motor spirit – petrol, and high speed diesel) to be used in both retail and bulk business. Press Information Bureau+2The Economic Times+2
- Under these guidelines, for retail authorisation, an entity must have a minimum net worth of ₹250 crore for retail-only business (or ₹500 crore if both bulk and retail). Press Information Bureau+1
- The entity must commit to establishing at least 100 retail outlets of which 5 % must be in notified remote areas within five years. Press Information Bureau+1
- Additionally, authorised outlets must within three years of operation offer one or more alternate-fuel infrastructure (e.g., CNG, LNG, biofuels, EV charging) at the retail site. Press Information Bureau+1
- News reports indicate the government is currently reviewing these norms and may further ease them to attract more players into the fuel-retail space.
