Govt grants BP Plc licence to set up petrol pumps

NEW DELHI: 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

NEW DELHI: 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, along with Haldia Petrochemicals, was granted a formal licence on October 14. The company had in January this year won in-principle approval to retail aviation turbine fuel (ATF) to airlines in India.

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