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Central Government/Public Sector | Not Classified - india | PID: 193038
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A newly-formed joint venture of Total and the Adani Group will soon apply to the Central government for permission to open petrol pumps in India
Total-Adani Fuels Marketing will apply for licences to offer full bouquet of auto fuels at retail outlets
In 2019, Total had bought 37.4 percent stake in Adani Gas. Total-Adani Fuels Marketing, which is a subsidiary of Adani Gas, will offer natural gas, petrol, diesel and electric vehicle-charging facilities
In 2019, the government allowed any entity with a net worth of Rs 250 crore to set up petrol pumps in the country
This policy replaced the earlier regime of companies that invested Rs 2,000 crore in either hydrocarbon exploration and production, refining, pipelines or liquefied natural gas (LNG) terminals to be allowed to retail fuel in the country
| Updated on: 13 - Aug - 2020
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