Promotion of CNG outlets

  • Ministry of Oil and natural Gas proposing to issue new licenses for establishment of CNG outlets to build green highway zones.
  • The zones would be built along Delhi-Agra, Delhi-Chandigarh, Delhi-Haridwar and Mumbai-Pune highway
  • Presently there are 53800 outlets but India need another 32000 outlets more in the next 10years.
  • The deregulation of oil prices has encouraged private players to enter in to this field.
  • Government has introduced revenue sharing in the place of profit sharing in the recently auctioning of 69 oil fields.
  • The bidding process will be concluded before the year end.

Source: ET

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