November 28, 2020 12:57:01 am
The Petroleum and Pure Fuel Regulatory Board (PNGRB) has launched norms for opening up of competitors within the pure fuel market in Delhi, Mumbai and Gujarat, however restricted Oil Advertising and marketing Corporations (OMCs) from immediately supplying CNG from stores, the place they’re at the moment supplying CNG collectively with Metropolis Fuel Distribution (CGD) corporations.
This restriction is about to guard the market share of metropolis fuel distribution corporations, which had considerations that OMCs will have the ability to rapidly shift to promoting CNG immediately from retail factors at the moment in use. CGD corporations share stores with OMCs, together with Indian Oil Company Ltd, Bharat Petroleum Company Ltd and Hindustan Petroleum Company Ltd, to provide CNG in main cities.
The advertising exclusivity interval for Indraprastha Fuel Ltd, which operates in Delhi, and Maharashtra Fuel Ltd, which operates in Mumbai and Thane, has ended. The advertising exclusivity interval for Gujarat Fuel Ltd has additionally resulted in eight locations in Gujarat.
“It is a constructive growth, any transfer that brings in competitions forces incumbent gamers to take a look at enhancing their ranges of companies,” mentioned Sanjay Sah, accomplice at Deloitte India.
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