Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Oct 24, 2019 04:36 PM IST | Source: Moneycontrol.com

Editor's Take | Non-oil companies can now retail fuel: What happens next?

Moneycontrol’s M Saraswathy talks to Deputy Executive Editor Ravi Krishnan to find out what impact this move could have on the oil sector.

The government has approved changes to the fuel retailing policy, wherein marketing and transportation of fuel will now be open to non-oil companies. Union Minister Prakash Javadekar announced on October 23 that the opening up of the sector will increase investments and competition.

To be eligible to get a fuel retail facility, a company will need to have minimum net worth of Rs 250 crore.

In this episode of Editor’s Take, Moneycontrol’s M Saraswathy talks to Deputy Executive Editor Ravi Krishnan to find out what’s could happen next in the fuel sector.

Close
Watch the video for more.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Oct 24, 2019 04:32 pm
Loading...
Sections
Follow us on
Available On