In the hope that diesel prices will soon be deregulated from government control, Reliance Industries Limited (RIL) may restart some of their fuel pumps. In addition to this, executives aware of the development hint that the company may lease fuel retailing outlets to public-sector oil-marketing companies. Private versus Public Players In 2002, private companies including […]
Startup Offers On-Demand Car Fueling Services
There are many indicators and trends in the auto industry that suggest conventional vehicles are headed for oblivion, which will have a huge effect on the oil industry, as well. But for now, electric drive technology, as well as autonomous vehicles, are far from mass adoption, so gasoline-powered vehicles have a long way to go […]
RIL to re-initiate all of its Petrol Pumps in a Year
Reliance Industries announced its plans to re-initiate its petrol pumps till March, 2016. The decision came after the government deregulated fuel prices in October,last year, which enabled the private giants to compete with the State-owned retail outlets. In a recent annual report, Reliance Industries mentioned that 300 of its fuel outlets became operational by the […]
Reliance Industries to re-open all of its Fuel Outlets
After the support from diesel price decontrol, Mukesh Ambani-led Reliance Industries Limited will soon reopen all of its 1,400 petrol pumps in this financial year. State of Reliance Industries in the past Apart from Reliance Industries, Essar Oil Limited is the only private refiner in the country. By 2006, the two companies together had taken […]
RIL among other Private Fuel Retail Companies to Attract Customers
India’s two largest fuel retailing companies, Reliance Industries and Essar Energy, aredrawing up new business plans and making efforts to attract more and more customers, giving tough competition to State-run rivals. They will be offering great discounts and benefits to customers. Lack of Sustainability in the Past In 2002, 15% of the fuel retail market […]
RIL Reopens Fuel Stations after Deregulation in Diesel Rates
Reliance Industries (RIL) has begun the year on a positive note with the reopening of their fuel stations. One-fifth of its 1,400 fuel stations have been commissioned after the deregulation in diesel prices. The Union Government had announced decontrolled diesel prices in October last year,thus encouraging private enterprises to re-enter the market. By 2006, approximately […]
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