Home / Companies / News / RIL, BP commence fuel retailing JV, to start re-branding petrol pumps

RIL, BP commence fuel retailing JV, to start re-branding petrol pumps

The new joint venture also looks to provide electric vehicle charging and other low carbon solutions over time

The method of inter-mixing BS-IV and BS-VI fuels involved multiple sampling at different times to check if the older fuel has been completely exhausted through sale

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The joint venture looks to expand the current fuel retailing network of 1400 outlets, to 5,500 over the next five years

2 min read Last Updated : Jul 09 2020 | 10:57 PM IST

BP and Reliance Industries (RIL) on Thursday announced the commencement of their new fuel retailing and mobility joint venture (JV). The JV will now begin rebranding RIL fuel retail outlets to Jio-BP.

The newly launched JV company is named Reliance BP Mobility (RBML), the firms said in a joint statement. The new entity will also look to provide electric vehicle charging and other low-carbon solutions over time.

RIL and BP had signed a definitive agreement for the JV in December last year and had then said that the retail operations would be run under the Jio-BP branding.

The agreement also stated that RIL

Topics : RIL refinery RIL-BP natural gas

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