British Petroleum gets government's nod to retail petrol, diesel

October 06, 2016 20:58

BP Plc, Europe's third-biggest oil company, has received government approval to set up petrol pumps to retail petrol and diesel in India.

BP will be the tenth player to enter the lucrative fuel retailing business that is seeing double digit growth, not seen anywhere in the world.

The UK-based firm, as also Haldia Petrochemicals Ltd, was given approval by the Oil Ministry to retail petrol and diesel just a few days back, sources said.

When contacted, a BP India spokesperson said: "BP sees a strong future for transportation fuels in India. We are keen to be involved in this market and contribute to its development."

The company had in January this year won in-principle approval to retail aviation turbine fuel to airlines in India. A few months later, it got full approval for that.

Now, the company has also got permission for retailing petrol and diesel.

« Back to LIVE

TOP STORIES

Rift among INDIA partners triggers 3-way contests across Bengal

As the final five phases of polls draw closer, rift among Indian National Developmental Inclusive Alliance (INDIA) partners, Congress-Left combine and the Trinamool Congress, which are fighting separately has intensified, triggering a...

Factors that will guide the markets this week

The ongoing fourth quarter earnings season, global factors and macroeconomic data would guide the trends in the equity markets this week, analysts said. Markets would also take cues from trading activity of foreign investors,...

Blow for CSK! Pathirana returns to SL with hamstring injury

Matheesha Pathirana returned to Sri Lanka to recover from a hamstring injury.

WFI furious as Bajrang handed provisional suspension

Bajrang Punia has been handed a provisional suspension for refusing to give his sample for dope test during the recent trials.

Attack on IAF convoy: Several held, hunt on for terrorists

Additional Director General of Police, Jammu, Anand Jain and senior officers of the Army and intelligence agencies visited the ambush spot in the Surankote area. The Army also conducted aerial surveillance using a helicopter, they said.