(ET)
State oil companies have paused the process to appoint dealers for about 50,000 petrol pumps following the release of election schedule to avoid any potential political landmine ahead of polls, people familiar with the matter said.
Indian Oil, Bharat Petroleum and Hindustan Petroleum have been seeking to appoint petrol pump dealers at about 78,500 locations across the country. The advertisements went out in November and applications have already been received.In all, 95% of locations received interest with 39% getting single application and 56% multiple.
The three companies have already declared winners for about a third of the locations advertised following draw of lots and examination of bids, and are now verifying the credentials of winners. Of the winners, more than 2,000 applicants have received letters of intent (LoI) or a formal appointment letter by companies.
