Global energy supermajor BP plc on Thursday said it is about to open its first ‘Jio-bp’ branded petrol pump in partnership with Reliance Industries near Mumbai. In 2019, BP had bought a 49 per cent stake in over 1,400 petrol pumps and 31 aviation turbine fuel (ATF) stations owned by Reliance for USD 1 billion.
The existing petrol pumps of Reliance have since been transferred to the joint venture, Reliance BP Mobility Ltd. The joint venture is to operate under the ‘Jio-bp’ brand. Speaking at the India Energy Forum by CERAWeek over a video link, BP chief executive Bernard Looney said the plan is to take the number of petrol pumps to 5,500 by 2025.
