Reliance, BP announce new joint venture to set up 5,500 petrol pumps

Reliance Industries and UK's BP plc have agreed to form a new joint venture to set up 5,500 petrol pumps and retail aviation turbine fuel to airlines in India, said the two companies said on Tuesday.

The companies " have agreed to form a new joint venture that will include a retail service station network and aviation fuels business across India".
 

The joint venture will build on Reliance's existing fuel retailing network of near 1,400 petrol pumps and an aviation fuel business.

"This joint venture will also include RIL's aviation fuels business, which currently operates at over 30 airports across