Eyeing Indian Fuel Market, BP Plc Calls Natural Gas To Be Included In GST Framework
British multinational oil and gas company BP plc said it is looking to expand its presence in India in fuel retailing and mobility solutions. Labeling India as an extraordinary country growing at an incredible scale, energy supermajor the company said that natural gas should be included in the GST regime. Speaking at India Energy Forum BP Group chief executive Bernard Looney said that the company in partnership with Reliance Industries Ltd will set up 5,500 retail sites in the next 4-5 years that will not just sell petrol and diesel but also offer mobility solutions like EV charging facility. The energy mix in the country could fall from 50 percent coal to 40 percent, while gas and renewables will grow, said Looney talking about the importance of India as the market.