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RIL to resume petrol pump network of 1,400 outlets by March next year

25 May 2015 Evaluate

Reliance Industries (RIL) is planning to resume its petrol pump network of 1,400 outlets by March next year. As on March 31, 2015, over 300 outlets are operational. The government, after ending diesel subsidies, has given it a level- playing field to compete with state-owned retailers.

The firm had ventured into selling petrol and diesel through a network of nearly 1,400 petrol pumps in 2006 but had to shut operations in 2008, as it wasn’t getting the subsidies extended to state-run operators.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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