Adani Total Gas Ltd. (ATGL) and Jio-bp of Reliance BP Mobility have agreed to partner strategically to sell one another fuels at their respective outlets as a major step in transforming the Indian market fuel retail sector which is worth 150 billion dollars. This partnership would help in improving the experience of auto fuel retailing by combining the capabilities of the two conglomerates and extend the choice to consumers of high quality fuels.
As part of the deal, the high performance petrol and diesel offered by Jio-bp will be available at some of the ATGL fuel stations and the ATGL outlets will install dispensing units of compressed natural gas (CNG) by Jio-bp across the authorized geographical locations of ATGL. This joint venture cuts across existing and potential terminals where the network of 650 CNG outlets of ATGL will be integrated with 1,972 petrol pumps of Jio-bp in 125+ districts. This partnership is likely to enhance last-mile delivery and fuel supply to the Indian consumer.
Suresh P. Manglani, CEO of ATGL, emphasized, “This partnership will enable us to leverage each other’s infrastructure, enhancing customer experience and offerings.” Sarthak Behuria, Chairman of Jio-bp, echoed this sentiment, stating, “We are united by a shared vision to offer superior quality fuels.” There is also the determination of clean energy solutions such as compressed biogas (CBG), electric vehicle (EV) charging and liquefied natural gas (LNG) in transport.
The deal is the second big venture combined between the Adani and Reliance groups after Reliance acquired a 26 per cent stake in a subsidiary of Adani Power, namely Mahan Energen, in March 2024. This partnership between unlisted private retailers such as Reliance and Adani with a potential to expand their businesses such as Fuel retailing in place of government-owned companies, indicates their determination to bring innovation and sustainability in the field of energy in India.
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