OIL & GAS

Total, Adani to apply for petrol 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, Adani Gas chief executive said.

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 first-quarter earnings call.

Last year, Total had bought 37.4 per cent stake in billionaire Gautam Adani-promoted Adani Gas to enter the world”s fastest-growing fuel market.

“Definitely we will take full benefit of the expertise and strength of Total,” he said.

Total-Adani Fuels Marketing Ltd, which is a subsidiary of Adani Gas , will offer natural gas, petrol, diesel, and electric vehicle charging facilities.

He said the joint venture will seek licence under the liberalised fuel retailing regime announced by the government.

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