RIL to Open ‘Cou­ple of Hun­dreds’ Petrol Sta­tions

The Economic Times - - Brands: Creating Desire -

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.

MUM­BAI

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