• Monday, August 08, 2022

Business

Reliance Industries And British Petroleum To Setup 2000 Petrol Pumps In India

Both companies, RIL and BP are working to set up their retail outlets on the sides of the national highways as part of their business strategy to penetrate further into country’s retail market (Photo: PRAKASH SINGH/AFP/Getty Images).

By: Radhakrishna N S

British crude oil and gas giant British Petroleum Company plc (BP) and India’s Reliance Industries Ltd (RIL) are moving ahead jointly to establish as many as 2, 000 petrol pumps in India over the next three years, according to a media report. The exact further details on the partnership between the two corporate giants is not known. The exact arrangement of the joint venture is being worked out and is expected to be decided within a few months, according to a report published by the Indian financial daily, Mint. RIL already independently runs 1,343 petrol pumps in India whereas, BP…

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