Global trader Trafigura has applied for a license for its downstream arm Puma Energy to start retail sales of gasoline and gasoil in India, an oil ministry spokesman and Trafigura said on Tuesday.
Global oil majors including BP, Total and Saudi Aramco want to enter India’s fuel retail market, attracted by growing demand for gasoil and gasoline in the world’s fastest growing major economy.
“A license has been applied for on behalf of Puma Energy, a downstream distribution company in which Trafigura is the largest shareholder, and that application is still pending,” Trafigura said in an email. Read More
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