India's petrol pump count crosses 1 lakh

Indias petrol pump count crosses 1 lakh
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New Delhi: India's petrol pump network has crossed the 1,00,000-mark, doubling since 2015 as state-owned fuel retailers aggressively expanded outlets to defend market share and push fuel access deeper into rural and highway corridors amid a sustained boom in vehicle ownership.At the end of November, the country had 1,00,266 petrol pumps - the third largest after the US and China with a much bigger geographical area, according to data available from the Petroleum Planning & Analysis Cell of the Oil Ministry.

Over 90 per cent of the pumps are owned by state-owned firms such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL).

Russia's Rosneft-backed Nayara Energy Ltd is the largest private fuel retailer with 6,921 outlets, followed by 2,114 stations owned by a joint venture of Reliance Industries Ltd and BP. Shell has 346 outlets. The petrol pump network has almost doubled from 50,451 stations in 2015, PPAC data showed.

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