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Govt looks to relax norms for setting up petrol pumps; keen on getting more private players into fuel retailing
•State-owned oil marketing companies - IOC, BPCL and HPCL, currently own most of 63,498 petrol pumps in the country
Oil Minister Dharmendra Pradhan invites RIL, BP to invest in fuel retailing
•While RIL already has a fuel retailing license and has some 1,400 petrol pumps on the ground, BP last year got approval to set up petrol pumps in India