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Oil companies offer additional 23,946 petrol pump dealerships across 5 states

India's three oil marketing companies (OMCs) have invited applications for setting up fuel retail outlets at 23,946 locations in Rajashtan, Madhya Pradesh, Telangana, Chhattisgarh and Mizoram.

Invitation for applications in these states had missed an earlier expansion round due to state elections. The last date for submission of applications is 12 January.

The companies have offered 9,647 retail outlet dealerships in Rajasthan, 7,318 dealerships in Madhya Pradesh, 3,507 in Telangana, 3,347 in Chhattisgarh and 127 in Mizoram.

In a bid to cement their market leadership and expand their footprint in other geographical areas of the country, the oil firms had in November 2018 invited applications for setting up 55,649 retail outlets in 30 states and Union Territories. Of this, 26,982 dealerships were offered by Indian Oil Corporation (IOC), 15,802 dealerships by Bharat Petroleum (BPCL) and 12,865 offered by Hindustan Petroleum (HPCL).

The last date of submitting applications for the 30 states and Union Territories ended on 24 December 2018. 

Selection will be done through draw of lots or bidding process depending upon the type of retail outlet site.

According to senior executives of OMCs, HPCL received applications for 95 per cent of the locations offered in November, BPCL received applications for 97 per cent of the locations and IOC received applications for 92 per cent of the locations. 

Cumulatively, under the current expansion drive, the three state-owned refiners have offered more than 78,500 retail outlet dealerships across 35 states and Union Territories.

India currently has 63,674 petrol and diesel retail outlets. The three government-owned OMCs account for 90 per cent of these. 

Among private players, Nayara Energy tops the list with 4,895 pumps followed by Reliance Industries (1,400) and Royal Dutch Shell with 116 retail outlets.

Most of the existing petrol and diesel retail outlets are in Uttar Pradesh (7,473), Maharashtra (5,970), Tamil Nadu (5,388), Rajasthan (4,476), Karnataka (4,214), Gujarat (4,025), Madhya Pradesh (3,711), Punjab (3,427), Haryana (2,862), Telangana (2,626), Bihar (2,695), West Bengal (2,333) and Kerala (2,100).

India has added about 17,481 petrol and diesel outlets in the past six years across the country, growing at an average annual rate rate of 5.61 per cent.

Overall, the three OMCs have offered setting up maximum number of fuel retail outlets in Rajasthan (9,647), Uttar Pradesh (9,027) and Madhya Pradesh (7,318) followed by Maharashtra (6,647), Karnataka (4,974), Gujarat (4,413), and Chhattisgarh (3,347), according to information provided by the OMCs on the Petrol Pump Dealer Chayan website.

 


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