Total, Adani to apply for fuel pump licence

A newly formed joint venture of French supermajor Total and an Adani group firm will soon apply to the government for permission to open petrol pumps in India.

Total-Adani Fuels Marketing Ltd will apply for licences to offer the full bouquet of auto fuels at retail outlets, Adani Gas CEO Suresh Manglani said in the first-quarter earnings call.

Last year, Total had bought 37.4% stake in billionaire Adani Gas to enter the world’s fastest-growing fuel market. He said the JV will seek licence under the liberalised fuel retailing regime announced by the government.

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Printable version | Sep 28, 2020 5:00:05 AM |

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