Industry experts believe that the $12-billion deal between Essar Oil and Rosneft of Russia could increase consumer-focused services and dynamic pricing in fuel retailing. Essar Oil operates 2,700 fuel pumps across the country and its acquisition will give Rosneft access to India's largest private fuel retail network. The pricing methodology for fuel retailing is expected to change due to the entry of new players, along with global practices they will bring in. Indian Oil Corporation operates 25,363 fuel retail outlets, followed by Hindustan Petroleum Corporation with 13,802 outlets and Bharat Petroleum Corporation with 13,439.
Copyright (c) 2016 . Informatics India Ltd., source Indian Business Insight