RIL to Open ‘Couple of Hundreds’ Petrol Stations
Reliance Industries, which had invested around .₹ 5,000 crore to set up over 1,400 filling stations and shuttered all of them in May 2008, is planning to open “a couple of hundreds more” by the end of this fiscal. Reliance, which has a licence to run as many as 5,000 filling stations, had set up 1,433 pumps in the early part of the last decade. However, it had shut all of them in May 2008 after the fuel subsidy shot through the roof and there was a huge price difference between staterun oil companies and private players like Reliance. Others like Essar Oil and some foreign players like Shell and BP had also quit the retail business then.