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OMCs issue letters of intent for 9,000 new petrol pumps

Aug 06, 2019 - The Economic Times

New Delhi: State-owned oil companies have issued letters of intent for more than 9,000 new petrol pumps as part of their biggest-ever expansion of fuel retail network.The companies are moving quickly to select dealers for new pumps that would help double their retail network in just a few years, serve customers better in less-penetrated micro markets and meet the growing challenge from the private sector.In November 2018, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and ...