Reliance Industries Limited (RIL) and energy giant BP (BP) have jointly started their first mobility station. Both the companies said in a joint statement on Tuesday that at this mobility station, customers will have the option of many types of fuel including electric vehicle charging station. This petrol pump of Fuel and Mobility Joint Venture Reliance BP Mobility Limited (RBML) has been started in Navade, Navi Mumbai.
Reliance’s 1400 petrol pumps to be rebranded
Reliance BP Mobility Limited said that Jio-BP is starting a network of world-class mobility stations in the challenging environment affected by the corona virus pandemic. Many fuel options will be made available to the consumers at these stations. In 2019, BP acquired 49 per cent stake in over 1,400 Reliance Petrol Pumps and 31 ATF Stations owned by Reliance. Now these more than 1,400 petrol pumps will be re-branded as Jio-BP.
Jio-BP has plans to make petrol pump 5500
Reliance’s existing petrol pumps were transferred to this joint venture. Under the joint venture, it is planned to take the number of petrol pumps to 5,500 by 2025. Reliance holds 51 percent stake in RBML. The country’s auto fuel retail sector is dominated by the public sector petroleum companies. Of the total 78,751 petrol pumps in the country, most are owned by government companies. RBML has 1,427 outlets, while Rosneft-backed Naira Energy has 6,250 petrol pumps. At the same time, the number of petrol pumps of Shell is 285.
Apart from fuel, customers will get many other facilities
India’s fuel and transportation market is growing rapidly. In the next 20 years, it will be one of the fastest growing fuel markets in the world. In such a situation, Jio-BP mobility stations will be built keeping in mind the convenience of the customers. In addition to fuel, EV charging facility, refreshment and food, low carbon solutions will be provided to the customers at these stations. Here high quality petrol-diesel and vehicle lubricants will be made available to the customers.
