Today, private firms own 5,474, or 9 per cent of the total outlets, with Essar being the leader with 3,980 stations.
US and China have around one lakh petrol stations each.
Several countries around the globe have seen the number of petrol pumps drop as they moved towards Electric Vehicles (EVs) and alternate forms of energy but they have grown in India, which is the world’s fastest growing oil consumer.
Oil ministry data showed that 18,852 outlets were added between 2011 and 2017. Of the 60,799 petrol pumps in the country, 55,325 are owned by state-owned fuel retailers. Read more…
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