Govt relaxes norms for setting up petrol pumps

The Government has relaxed norms for setting up petrol pumps allowing non-oil companies to venture into the business. The move  could help private and foreign firms to enter the fuel retailing sector. The Cabinet Committee on Economic Affairs yesterday approved the Review of Guidelines for Granting Authorization to market Transportation Fuels.   Briefing reporters in New Delhi, Information and Broadcasting Minister Prakash Javadekar said, companies with a net worth of 250 crore rupees will be al...