Oil PSUs to add 4,500 petrol pumps across Gujarat
Public sector oil companies Indian Oil, Bharat Petroleum and Hindustan Petroleum have an ambitious plan to open nearly 4,500 fuel outlets across Gujarat, an official said on Saturday.
Talking to reporters, Indian Oil Chief Regional Manager Sunil Vikramsingh said, “To meet the increasing requirements of customers on highways, agricultural sector products and industries, it was necessary to open fuel outlets in the state.”
“IOCL, BPCL and HPCL have an ambitious plan to open nearly 4,500 fuel outlets in the state,” he said. About three-four outlets will be opened near the Statue of Unity, he added.
More than three lakh visitors have already visited the site. Therefore, opening of three to four fuel outlets will help the tourists, the official said.
The oil marketing companies (OMCs) plan to expand in tier-II and tier-III cities, and rural areas as they lack presence in these geographies.
IOCL will set up 128 retail outlets, with BPCL 50 and Hindustan Petroleum 49 outlets in Vadodara.
“All these OMCs are set to expand their fuel retail network after a gap of nearly four years, which is due to an 8 per cent annual growth in sale of petrol and 4 per cent in diesel,” Vikramsingh added.
The OMCs have formally announced their plans and the bidding process for inviting tenders has also started, he said, adding each fuel outlet will cost between ~6 million to ~30 million, depending on their location.
“The OMCs, for the first time, have come together to work on such a scale to avoid duplication and eating into each other’s business,” he added. Retail outlets opened after 2014 were largely through the revival of old stations or restoration of dealerships that had been terminated because of nonperformance since 2005.