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BP gets licence to set up petrol pumps in India

BP gets licence to set up petrol pumps in India

BP gets licence to set up petrol pumps in India

BP gets licence to set up petrol pumps in India

The government has formally granted a licence to BP Plc, Europe’s third-biggest oil company, to set up 3,500 petrol pumps in India, making it the 10th company to enter the lucrative fuel retailing sector.

The company was granted a formal licence on October 14. “BP granted licence to market petrol and diesel — another milestone for BP in India,” the company tweeted.

The UK-based company was given approval by the oil ministry to retail petrol and diesel, sources said.

“A significant step in BP’s partnership with India — been granted licence to market motor spirit and high speed diesel,” it said.

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