{"id":286401,"date":"2019-08-07T05:41:48","date_gmt":"2019-08-07T05:41:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286401"},"modified":"2019-08-07T05:41:48","modified_gmt":"2019-08-07T05:41:48","slug":"jet-fuel-business-on-radar-reliance-bp-form-joint-venture-to-set-up-5500-petrol-pumps","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-fuel-business-on-radar-reliance-bp-form-joint-venture-to-set-up-5500-petrol-pumps\/","title":{"rendered":"Jet Fuel Business on radar: Reliance, BP form joint venture to set up 5,500 petrol pumps"},"content":{"rendered":"<p>Reliance Industries (RIL) and BP on Tuesday announced that they would form a new joint venture (JV) in the fuel retailing business across India.<\/p>\n<p>The JV, where BP will have 49% ownership, will have the country\u2019s largest private sector company\u2019s existing fuel retailing sites and aims to own up to 5,500 such stations over the next five years. The financial details of the deal were not disclosed. The scope of the new JV also includes the aviation fuel business. At FY19-end, RIL had 1,372 fuel outlets across the country. Additionally, Reliance Retail \u2013 the company\u2019s consumer retail chain \u2013 also operates 516 petrol pumps.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries (RIL) and BP on Tuesday announced that they would form a new joint venture (JV) in the fuel retailing business across India. The JV, where BP will have 49% ownership, will have the country\u2019s largest private sector company\u2019s existing fuel retailing sites and aims to own up to 5,500 such stations over the next five years. The financial details of the deal were not disclosed. The scope of the new JV also includes the aviation fuel business. At FY19-end, RIL had 1,372 fuel outlets across the country. Additionally, Reliance Retail \u2013 the company\u2019s consumer retail chain \u2013 also [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-286401","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=286401"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286401\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}