TIL Desk/Business/New Delhi/ The ministry of petroleum and natural gas has granted seven authorisations to companies for selling automobile (auto) fuels in the country.
These new approvals are under the relaxed guidelines for authorisation to market transportation fuels that were revised in 2019. This is expected to make the competition more intense in India’s petroleum retail business.
According to a top oil ministry official, a fresh marketing authorisation has been granted to Reliance Industries (RIL) under these norms.
This is being done since RIL’s existing retail marketing authorisation has been transferred to its subsidiary Reliance BP Mobility (RBML).
This was required since the Mukesh Ambani group has reorganised its petroleum-to-chemicals business. Another authorisation has been granted to RBML Solutions India under these new rules.
