Mangalore Refinery & Petrochemicals (MRPL) is planning to open 100 retail outlets in the first phase but the company has not put any timeframe for the same. The company’s Board had approved the retail outlet plans a couple of years ago.
Around 100 retail outlets would be set up in and around Karnataka. MRPL will also utilize ONGC’s licenses for setting up retail outlets, as the ONGC has decided not to venture into the retail business. ONGC has licenses to open 1,100 retail outlets and MRPL has licenses for 500 retail outlets.
MRPL, a subsidiary of state-run exploration firm Oil and Natural Gas Corporation (ONGC), runs a coastal refinery in southern Karnataka state with a capacity of 300,000 bpd.
