India's Petrol Pumps Cross 1 Lakh Mark, Ranks Third Globally

• India's petrol pump network has surpassed 100,000, doubling its size since 2015.
• The country now holds the third-largest network globally, following the US and China.
• State-owned fuel retailers like Indian Oil Corporation, Bharat Petroleum Corporation Ltd, and Hindustan Petroleum Corporation Ltd operate over 90% of these pumps, expanding into rural and highway corridors.
• Private players, including Nayara Energy and Reliance-BP, account for 9.3% of the market, up from 5.9% in 2015.
• Pumps are adapting by offering alternative fuels like CNG and EV charging, though government price control limits private sector growth.

Why It Matters: India's petrol pump network doubled to over 100,000 since 2015, ranking third globally.