Latest News

Over 4 lakh applications received for 78,500 petrol pump dealerships

IOC advertised for half of all locations for petrol pumps, while HPCL and BPCL advertising post for the rest of the positions

PSU Watch Bureau

New Delhi: State-run oil companies have received over four lakh applications for 78,500 dealerships across India, demonstrating that the country's entrepreneurs still see filling stations as a viable business that offers sustained cash flow at little risk. Indian Oil Corp (IOC), the country's top refiner, advertised for half of all the locations for petrol pumps, while Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) advertised opportunities for the rest of the positions.

Applications received for 95% of advertised locations

Applications have been received by close to 95 percent of all advertised locations, out of which 56 percent obtained multiple applications and 39 percent received single application. This is primarily because of the relaxation of rules regarding financial capability and land ownership of applicants. In the previous recruitment round in 2014-15, only half the advertised locations received applications. At the time, just those applicants with certain financial capability and control over land could apply. The final tally of pumps that may eventually come up could still be low, despite high initial interest. This is mainly because of difficulties of arranging land and regulatory clearances. The success rate reached just 17 percent in the previous round.

13,000 pumps likely to be set up

Over 13,000 pumps could be set up at this rate, which would boost transporters, equipment suppliers and jobs. A dealer might likely take around three years to set up a pump after obtaining a license because of the time consumed in obtaining multiple regulatory clearances.

PESB selects Rajeev Kumar Sinha and Nripendra Nath for Director (Technical) positions at CMPDIL

MOIL achieves record-breaking production in April–June quarter of FY 2025-26

NBCC signs MoU with NFDC for redevelopment of Siri Fort Auditorium complex

Stock markets climb in early trade amid optimism over India-US trade deal

Need to ensure washed coal replaces imported coal in coastal ICB power plants: MCL CMD