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The Government of India is looking to relax the norms concerning setting up of petrol pumps to attract more private players into fuel retailing in order to increase competition. An expert committee will report to the Oil Ministry in 60 days on the matter. The current norms to obtain a fuel retailing licence in India require an investment of ₹2,000 crore in either hydrocarbon E&P, refining, pipelines or LNG terminals.
