New Delhi, June 20: Delhi Development Authority today approved a new policy for allotment of land to petrol pumps which would facilitate temporary allotment to all oil companies on licence fee basis for a period of five years through auction or tender. The decision to this effect was taken at a meeting of the land-owning agency at Raj Niwas here, a DDA release said. "The need for such a policy was felt because as per the current policy the allotment is made strictly on the basis of seniority of the waitlisted letter of intent. Oil companies which set up petrol pumps often used to reject sites on the ground of economic unviability thereby leading to delay in allotment and long waiting period," it said. Pointing out that under the new policy the site itself would determine its market value, it said the same would not lie undisposed by DDA on the pretext of being unviable.

"This will also remove any discretion in allotment of petrol pump sites and the procedure will be more transparent," the release said.
Bureau Report