Excelsior Correspondent
JAMMU, Nov 25: The J&K State will soon have 646 new petrol pumps to cater the growing need of fuel oil.
This was informed here today by Rajiv Yadav, Chief Divisional Retail Sales Manager for Indian Oil Corporation Limited (IOCL) at a news conference.
Rajesh Sharma, Territory Manager (Retail) Jammu for Bharat Petroleum Corporation Limited (BPCL) and Krishan Lal, Deputy General Manager Retail for Hindustan Petroleum Corporation Limited (HPCL) were also present in the press conference.
Yadav-who is also State Level Coordinator for Oil Industry in J&K said that retail sale of petrol and diesel has increased at the rate of eight percent and four percent per annum respectively.
“For a fast growing economy like ours, energy needs are growing manifold. PSU Oil Marketing Companies- BPCL, HPCL and IOCL are undertaking retail outlet (petrol pump) network expansion in tandem with the growth in demand of petrol and diesel,” he said.
He further said that expansion of petrol pumps is undertaken by Oil Marketing Companies (OMCs) primarily to meet the growing fuel needs and convenience of customers in emerging markets like upcoming highways, agricultural pockets and industrial hubs.
“The network of petrol pumps in rural, remote and far-flung areas is also being expanded with the intention of reaching product, predominantly HSD, ensuring quality and correct price to meet the rural agricultural demand,” Yadav maintained.
“Of the 646 new petrol pumps Indian Oil Corporation Limited (IOCL) will have a share of 385, BPCL of 125 and HPCL of 136,” Yadav told reporters.
He further said that oil marketing companies have now issued advertisements inviting applications from prospective candidates for setting up of Petrol pumps.
“The process of dealer selection has been simplified in line the government’s emphasis on ease of doing business. User friendly on-line application has been introduced. The application form has also been simplified. The rigmarole of submitting voluminous documents by the applicants, in support of eligibility, has been dispensed with. Only the selected candidate would be required to produce the documents. Similarly, the eligibility norms have also been relaxed,” the State Level Coordinator for Oil Industry said.
He further said that availability of suitable land at the advertised location is the most important requirement.
“Applicants without land can also apply, however, they are expected to offer land when called for,” he said adding that for the first time, computerized draw of lots opening will be held under the aegis of an independent agency to bring in more transparency.
“All petrol pumps will be constructed with latest technology including automation,” he further said.
Yadav also said that retail outlet dealership provides very good opportunity to the entrepreneurs and also to associate with Fortune 500 companies.
“Interested entrepreneurs may see the detailed advertisement and Brochure available in our website www.petrolpumpdealerchayan.in,” he said.
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