BP Plc gets licence to set up petrol pumps in India – Feedback

Government has formally granted a licence to BP Plc, Europe’s third-biggest oil company, to set up 3,500 petrol pumps in India, making it the 10th company to enter the lucrative fuel retailing sector.

The company was granted a formal licence on 14 October. “BP granted licence to market Motor Spirit (petrol) and High Speed Diesel (diesel)—another milestone for BP in India,” the company tweeted. The UK-based firm, as also Haldia Petrochemicals Ltd, was given approval by the oil ministry to retail petrol and diesel, officials said. “A significant step in #BP’s partnership with India—been granted licence to market Motor Spirit and High Speed Diesel,” it said. A BP India spokesperson had earlier this month stated that: “BP sees a strong future for transportation fuels in India. We are keen to be involved in this market and contribute to its development.”

http://www.livemint.com/Industry/7l9cv1W6nD7U7KFvyo9eGN/BP-Plc-gets-licence-to-set-up-petrol-pumps-in-India.html

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