In 2022, the Indian government relaxed norms for setting up petrol pumps, allowing non-oil companies with a net worth of Rs 250 crore to venture into the business, subject to certain conditions such as installing facilities for marketing at least one new generation alternate fuel within three years
1. Petrol pump owners are required to obtain licenses or franchises from any one of the public and private sector Oil Marketing Companies (OMCs)
2. They have certain rights and responsibilities, such as the right to test the quality of petrol and diesel, and the duty to provide free air and drinking water to customers
It is important for petrol pump owners to stay updated on any changes in regulations and comply with all the rules and regulations to ensure the smooth functioning of their business. Adv. Samarjeet Singh (Amritsar)
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