Rs 500 cr web price should for licence to promote petrol, diesel


New Delhi, August 4

The authorities on Tuesday stated any entity with a web price of no less than Rs 500 crore is eligible for acquiring the liberalised licence to promote petrol and diesel to retail and bulk shoppers.

Clarifying on the November 2019 liberalised gas licensing regime, the Ministry of Petroleum and Natural Gas stated any entity with a web price of Rs 250 crore can get a licence to retail petrol and diesel to both bulk or retail shoppers.

For these in search of authorisation for each retail and bulk ought to have a minimal web price of Rs 500 crore on the time of software, it stated in an announcement. — PTI



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