Petroleum Minister Dharmendra Pradhan today said oil market companies (OMCs) are pursuing network expansion to ensure coverage of all significant points of consumption, including the remote areas.
At present, there are 53,800 petrol pumps or retail outlets in the country and estimated 32,000 new retail outlets are required over the next 10 years to cater to the growing customer needs.
Pradhan was addressing the consultative committee of Parliament for the Petroleum Ministry in Mumbai today to discuss marketing of petroleum products in a competitive environment.
The minister said the government deregulated pricing of diesel in October 2014 and linked it to market prices. He said this initiative encouraged private players like Essar, Reliance and Shell re-enter the market and set up more than 3,000 petrol pumps across the country.
At present, there are 53,800 petrol pumps or retail outlets in the country and estimated 32,000 new retail outlets are required over the next 10 years to cater to the growing customer needs.
Pradhan was addressing the consultative committee of Parliament for the Petroleum Ministry in Mumbai today to discuss marketing of petroleum products in a competitive environment.
The minister said the government deregulated pricing of diesel in October 2014 and linked it to market prices. He said this initiative encouraged private players like Essar, Reliance and Shell re-enter the market and set up more than 3,000 petrol pumps across the country.
