Bharat Petroleum Corporation (BPCL) is planning to expand its fuel retail network by 14,273 pumps or nearly two-thirds to help enhance its share in the domestic fuel market.
The fuel network expansion is mostly driven by the demand for petrol and diesel which continues to grow on new vehicle sales. India's fuel retail network has grown by nearly 40 percent to about 88,000 pumps in the past five years.
BPCL plans to spend Rs 1,50,000 crore in five years, and for this year, it plans to spend Rs 10,000 crore. A third of the total capex will go into adding refining and petrochemicals capacity, while Rs 26,000 crore each will go into upstream, city gas and marketing infrastructure.
BPCL and HPCL operate around 21,300 pumps.