Karnataka govt brings new rule for petrol pump owners, mandates NOC for switching businesses
Advertisement
Advertisement
Petrol pumps and LPG retail outlets based in Bengaluru and other urban areas of Karnataka might be mandatorily asked to obtain a No Objection Certificate (NoC) from the oil marketing companies in case they want to switch businesses.
This means that oil companies too will need to approve the changes that the landlord decides in using the land. It was after the ministry of petroleum and natural gas sent a letter to the urban development department, asking it to treat retailing of petrol, diesel and LPG as essential activities that the department sent a circular to this effect to BDA and other state authorities.
The new rule only applies to outlets that are affiliated to public sector oil marketing companies, leaving private retail outlets untouched.
However, the new rule has not met the consent of
Advertisement
"They want to pay peanuts for the land they get. Instead of making rentals attractive, they come up with irrational rules such as this infringing upon the fundamental rights of citizens," he told ET.
"The oil marketing companies are making no efforts to retain the landlords, and as a result, more than a dozen pumps have closed down in the past two years," he added.
Image source
Advertisement
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Apple Let Loose event scheduled for May 7 – New iPad models expected to be launched
- DRDO develops lightest bulletproof jacket for protection against highest threat level
- Sensex, Nifty climb in early trade on firm global market trends
- Nonprofit Business Models
- 10 Must-Do activities in Ladakh in 2024