In a noteworthy move aimed at boosting cooperative societies’ participation in the fuel retail sector, the Ministry of Petroleum and Natural Gas has revised its guidelines, giving priority to Primary Agricultural Credit Societies (PACS) in the allotment of petrol and diesel dealership outlets.
The amendment, effective immediately, introduces a groundbreaking reservation system for PACS in the Combined Category 2 (CC2) for regular and rural retail outlets for petrol and diesel. This strategic change in policy represents a significant step towards enhancing PACS involvement in the fuel retail industry, aligning with the government’s vision of promoting cooperative initiatives.
Under the revised guidelines, PACS will have the first right of refusal for allotment of dealership outlets in the CC2 category, which includes both urban and rural areas. This prioritization acknowledges the crucial role PACS play in supporting the agricultural and rural economy, ensuring that they have an increased stake in the fuel distribution network.
Moreover, in a bid to further facilitate PACS’ entry into the fuel retail sector, the Petroleum Ministry has extended a one-time option. PACS now have the opportunity to convert their existing bulk petrol and diesel pumps into retail outlets. This move not only streamlines the transition process but also encourages PACS to leverage their existing infrastructure for retail operations.
The Ministry’s decision to empower PACS in the fuel retail sector is expected to have far-reaching implications. It not only enhances financial opportunities for PACS but also strengthens the accessibility of fuel in remote and rural areas. This development aligns with the government’s broader agenda of fostering cooperative growth and promoting self-reliance at the grassroots level.
As PACS take on a more prominent role in fuel distribution, consumers in both urban and rural regions can anticipate improved access to petrol and diesel products. This policy shift reflects the government’s commitment to promoting inclusive growth and ensuring that cooperative societies contribute significantly to the nation’s economic development.
In conclusion, the Ministry of Petroleum and Natural Gas’s amendment to prioritize PACS in the allocation of petrol and diesel dealership outlets, coupled with the option to convert bulk pumps into retail outlets, marks a pivotal moment in the cooperative sector’s journey into the fuel retail industry. This policy change not only benefits PACS but also holds the potential to transform the accessibility and availability of fuel in India’s far-flung regions, thereby driving economic development and progress.
To apply for State-wise Retail Outlet dealerships please click on the below link:
https://www.petrolpumpdealerchayan.in/petrol-2023/viewads
The Last date for submitting online applications is 17.10.2023
To download User Manual for Applicants of RO Dealership please click on the link below:
To download Brochure selection of Dealers for Regular & Rural Retail Outlets please click on the link below:
https://www.petrolpumpdealerchayan.in/petrol-2023/assets/pdfs/Brochure_for_filling_application.pdf
To download Guidelines / Process for converting existing PACS CPs to retail outlets please click on the link below:
