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Easy Licensing for Petrol Pump Business Can Revolutionise Oil Retailing Value Chain

News

Anyone wanting to own a petrol pump will soon be able to do so at a place of his choice without having to be particularly lucky in a long-drawn system or being born in backward caste. 
Source:  ET

SNP Insights

Fastening the licensing cycle & scrapping reservation system will bring more serious players in to the petrol/diesel filling business. It will give free hand to PSUs, to expand their retail value chain, to safeguard their market share, from private players with better technologyical advantage & less bureaucratic redtappism in terms of issuing pump license. Govt. new move will reduce inherent corruption in the sector & open the segment for more players hence more investment to pump in & better efficiency to retain the customers may ultimately follow.

Source: SNP Infra Research