Oil PSUs to put 65,000 gas pumps before the general election



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The IOC, which already has 27,377 gasoline pumps across the country, has announced the creation of 26,982 more in states that do not go to the polls. Photo: Bloomberg

The IOC, which already has 27,377 gasoline pumps across the country, has announced the creation of 26,982 more in states that do not go to the polls. Photo: Bloomberg

New Delhi: Prior to the general election, public sector oil companies plan to put about 65,000 gasoline pumps nationwide to nearly double the existing retail network, officials said on Sunday.

Indian Oil Corp. (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) today announced ads for the installation of 55,649 gasoline pumps nationwide.

"This does not include any sites in search-driven states," Vishal Bajpai, state coordinator for HPCL, told reporters.

Elections for assemblies are in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram and the advertisement for these would be issued upon completion of the vote.

The IOC, which already has 27,377 gasoline pumps across the country, has announced the creation of 26,982 more in states that do not go to the polls. BPCL will add 15,802 points of sale to its existing strength of 14,592 and HPCL will add 12,865 gasoline pumps to its existing account of 15,287.

Delhi has 390 gasoline pumps and 170 more will be installed, Bajpai said.

The states linked to polls could have between 9,000 and 10,000 sites, another official said.

The funds will be made with relaxed guidelines that have reduced the educational qualification for the 10th pass of the 12th pass and are currently being formed, and the only essential requirement is ownership of the land where the pump will be installed, Bajpai said.

This is the first time in nearly four years that the distribution of gasoline pump sites is being announced.

India currently has 63,674 gasoline pumps, most of them with public sector companies. Nayara Energy Ltd, formerly Essar Oil Ltd, has the largest number of private-sector outlets with 4,895, while Reliance Industries has 1,400 pumps. Royal Dutch / Shell has 116 outlets.

"For a rapidly growing economy like ours, energy needs are growing. PSU's oil marketing companies are expanding the retail network (gas pump) in parallel with the growth in demand for gasoline and diesel. Retail sales of gasoline and diesel are increasing at a rate of approximately 8% and 4% per year, "said Bajpai.

The expansion, he said, was being carried out to meet the growing fuel needs and convenience of customers in emerging markets such as nearby roads, agricultural pockets and industrial centers.

The retailer network in rural, remote and remote areas is also being expanded with the intention of increasing the availability of predominantly diesel products, ensuring correct quality and price to meet rural agricultural demand and serving people in remote areas, he said. .

He said the process of selecting resellers was simplified by introducing online applications and eliminating the requirement to send bulky documents in support of eligibility.

"Only the selected candidate would be asked to produce the documents. Likewise, the eligibility rules have also been relaxed, "he said. "The availability of adequate land at the advertised location / extension is the most important requirement. Landless candidates may also apply, however, they must offer land when requested, "he added.

For the first time, the computerized lottery or bidding process would be carried out under the auspices of an independent agency to bring more transparency.

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