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Webinar on Future outlook on Petroleum Products Retailing: Impact of new retail guidelines and guidelines on LNG retail stations

28 Jul 2020

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India's fuel retailing landscape is undergoing a structural shift with the entry of private/ non-oil companies. In the biggest reform in fuel retailing sector in almost two decades, the government recently relaxed norms for setting up petrol pumps, allowing non-oil companies to venture into the business - a move that will intensify competition in a segment dominated by state refiners, while private and global oil majors seek to expand their presence. To better compete, existing players are .. continue reading being forced to reinvent their business models. The one divergent trend between private and public players will be the targeted customer base. While private players are expected to target high throughput regions and expand particularly in highways segment, public sector fuel retailers are expected to focus to underpenetrated rural areas, apart from defending their share on highway business. It will also help to boost consumption of cleaner fuels, such as LNG, as government has now made it mandatory for those outlets to sell at least one "new generation alternative fuel." The new policy will bring in more investment and give a fillip to 'Ease of Doing Business'. It will boost direct and indirect employment in the sector. Setting up of more retail outlets (ROs) will result in better competition and better services for consumers. Despite the challenges, the industry is projected to be on a strong footing in the medium term because of growing car and two-wheeler penetration and growth in road freight movement.


Timings

Starts at 11:00 AM GMT+5:30

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Participants

upto 100
Delegates
Based on previous editions

Category & Type

Conference
Power & Energy

Editions

28 Jul 2020


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Federation of Indian Chambers of Commerce & Industry (FICCI) Top Rated

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