(a) the total number of Petrol and CNG pumps being operated under the Company owned
Company Operated (COCO) Pumps scheme in the country, State -wise;
(b) whether the operations of pumps under COCO scheme incurs huge financial losses to the
various state owned companies and if so, the losses incurred to the various companies in the
last three financial years; and
(c) the reasons for continuing with this scheme although these pumps could be allotted
permanently to vendors through lottery?
MINISTER OF PETROLEUM AND NATURAL GAS
(SHRI DHARMENDRA PRADHAN)
(a) Public Sector Oil Marketing Companies (OMCs) have informed that there are 669
Retail Outlets (ROs) for MS/HSD as on 01.01.2021 in the country which are being operated
on permanent Company Owned Company Operated (COCO) basis. State/UT-wise number of
these COCOs is given in Annexure.
Further, there are 398 CNG stations (COCO Model) as on 3.2.2021 in the country.
(b)&(c) Public Sector OMCs operate their flagship ROs as permanent COCOs considering
various factors like strategic location, creating brand image, training of dealers/ staff, piloting out
new retail initiatives, etc. The day to day operation of such ROs is under the supervision of a
company officer. ROs for operation as permanent COCOs are identified based on various
criteria like, Sales potential of MS/HSD, Investment, ownership of site by Corporation etc.
Investment made by OMCs in these permanent COCOs depends on factors like market
type (urban/highway), plot dimensions, Allied Customer amenities, sales potential of the site,
facilities/equipment planned etc. The investments made in the permanent COCOs are based
on the benchmark IRR norms and as per market requirement. Public Sector OMC’s
permanent COCO’s are for strategic reasons, as explained above, cannot be earmarked for
divestment.
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