Exploration firm Oil and Natural Gas Corporation (ONGC) has applied for marketing rights to sell petrol and diesel in India throgh a retail chain.
Besides ONGC, Reliance Petroleum, Essar Oil and Numaligarh Refineries had also applied for authorisation to retail petrol and diesel, Petroleum Minister Ram Naik said at the 'GasTech 2002' conference here on Friday.

ONGC had applied for authorisation to set up 400-500 retail outlets to sell petrol and diesel in states of Gujarat, Maharashtra and Andhra Pradesh, he said.

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Ministry of Petroleum and Natural Gas, which is acting as the regulator till such time as the Bill for setting up a Petroleum Regulatory Board is approved by the Parliament, is processing all the four applications and is likely to give its verdict on the applications by the month end, Naik said.

While Reliance Petroleum has applied to the government for permission to sell 10 million tonnes of diesel and 2.4 million tonnes of petrol annually through a network of 5,849 retail outlets, Essar Oil has sought authorisation to market the two transportation fuels through a retail chain of 1700 outlets.
Bureau Report