In a strategic move to support India’s fuel distribution network, major oil companies—including Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL)—have announced an increase in dealer commission rates effective…
Month: October 2024
Indias New Oil & Gas Exploration Incentives: GST Waiver & Windfall Tax Reform
The Indian government is considering offering more incentives for oil and gas exploration, aiming to attract global energy players. A new bill seeks to amend the Oilfields (Regulation and Development) Act of…
Is a Petrol Pump a Lucrative Business in India? Insights, Profit Margins, and Application Process
Exploring the Viability of Owning a Petrol Pump: Owning a petrol pump is often perceived as a highly profitable business in India due to the constant demand for fuel. With millions of…