Billionaire industrialists Mukesh Ambani and Gautam Adani have joined hands to transform India’s automotive fuel retail landscape. Their companies, Jio-bp and Adani Total Gas Ltd (ATGL), announced a strategic partnership on Wednesday to leverage their fuel station networks.
As part of the deal, Jio-bp, a joint venture between Reliance and UK’s BP, will install petrol and diesel pumps at ATGL’s CNG stations. Simultaneously, ATGL will set up CNG dispensing units at Jio-bp fuel outlets within its authorised geographical areas.
The agreement, which covers both current and future outlets, aims to enhance fuel accessibility and improve consumer experience by offering a full range of energy solutions at unified locations.
Jio-bp operates 1,972 fuel pumps, while ATGL runs 650 CNG stations across 34 geographical areas. Both partners see this as a step towards breaking the dominance of state-run fuel retailers like IOC, BPCL, and HPCL, who collectively control over 90% of India’s 97,000+ fuel outlets.
Full story Ambani, Adani join forces again for fuel retail push across India - Daijiworld.com
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