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PSU OMCs seek permission to set up new outlets
May 17, 2013May 17, 2013by In Oil & Gas

PSU OMCs seek permission to set up new outlets

Public sector oil marketing companies (OMCs) like Indian Oil Corp (IOC) want the government to allow them to invest on new fuel retail outlets without restriction. It may be recalled that the union government recently prohibited these firms, who are sitting on large pile of debt, from making investment in retail