Refiners likely to add only a fourth of targeted petrol pumps in India

23 Sept. 2020-In November 2018, the three oil marketing companies (OMCs) – Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) – had come out with an advertisement floating tenders for 78,493 petrol pumps across the country. This move, which came just before the polls, was pitched as a step to create over one million jobs.

However, according to executives, the number of new pumps to be added would be significantly less.