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India: State Fuel Retail Networks To Expand Non Fuel Services & Products

India: State Fuel Retail Networks To Expand Non Fuel Services & Products

Non fuel retail business to be grown by making available daily indispensable items at fuel service stations

 By allowing fuel service stations of state-owned fuel companies to offer pharmaceuticals, groceries and other such products for sale, the government is considering enhancing their revenue base.  Minister for Petroleum and Natural Gas, Dharmendra Pradhan, said "OMCs fuel service stations should become convenience centers where daily essential products and services are made available to the public at large, so that non-fuel retail business could be grown."

At present, allied services like ATMs, fuel service stations, convenience stores and PUC facilities are offered at the fuel outlets to enhance value and convenience to customers across the urban, highway and rural markets.  A network of over 54,500 fuel service stations in the country are owned by the three public sector fuel marketing companies.

An MoU between Energy Efficiency Services Limited (EESL) and the three OMCs -- Indian Oil, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) agrees that the three energy companies are to take up distribution of "LED Bulbs", "LED Tubelights" and energy efficient fans, in a phased manner across select outlets.

"The marketing network of the three fuel marketing companies is unparalleled and this tie-up will only accelerate and scale up the distribution of energy efficient appliances across the length and breadth of the country," said Minister of State with Independent Charge for Power, Coal, New & Renewable Energy and Mines Piyush Goyal. Source: Business Standard PWKD22082017

Last modified onTuesday, 22 August 2017 04:20
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