In a strategic shift marking its Diamond Jubilee, Chennai Petroleum Corporation Ltd (CPCL), a subsidiary of IndianOil Group, has announced plans to re-enter the retail fuel market after two decades. Backed by a Rs 400 crore capital outlay, the initiative aims to establish petrol and diesel outlets across India, beginning with Tamil Nadu. CPCL’s move signals a diversification effort beyond refining, tapping into retail distribution while leveraging market responsiveness.