In an important development, Board of Oil India accorded its approval for formation of a joint venture company between Assam Gas and Oil India Limited (OIL) on March 16, 2022. This has been done for three geographical areas offered by Petroleum and Natural Gas Regulatory Board under the 11th city gas distribution bidding round. Further, OIL will also be launching compressed natural gas (CNG) bus services in Assam and orders for the same have already been placed. OIL is also gearing up to install CNG stations in Guwahati by June 2022 and requires a minimum of five to six years to cover Guwahati completely.