{"id":306879,"date":"2019-12-23T11:54:24","date_gmt":"2019-12-23T06:24:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306879"},"modified":"2019-12-23T11:54:24","modified_gmt":"2019-12-23T06:24:24","slug":"reliance-bp-petrol-pumps-to-dent-psu-market-share-says-morgan-stanley","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-bp-petrol-pumps-to-dent-psu-market-share-says-morgan-stanley\/","title":{"rendered":"Reliance-BP petrol pumps to dent PSU market share, says Morgan Stanley"},"content":{"rendered":"<p>New Delhi: India&#8217;s biggest company Reliance Industries Ltd and UK&#8217;s BP plc formalising plans to set up up petrol pumps under Jio-BP brand will impact market share of state-owned fuel retailers, Morgan Stanley said in a research report.<\/p>\n<p>Reliance and BP last week announced further details of their retail fuel partnership, in which the British firm has taken 49% stake for $1 billion.<\/p>\n<p>The tie-up will see RIL&#8217;s 1,400 existing pump stations being ramped up to 5,500 over five years. It also will increase the lucrative aviation fuel stations from 30 to 45.<\/p>\n<p>&#8220;Targeted fuel station additions would be nearly equivalent to two-thirds of annual station additions by (state-owned) oil marketing companies (OMCs),&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: India&#8217;s biggest company Reliance Industries Ltd and UK&#8217;s BP plc formalising plans to set up up petrol pumps under Jio-BP brand will impact market share of state-owned fuel retailers, Morgan Stanley said in a research report. Reliance and BP last week announced further details of their retail fuel partnership, in which the British firm has taken 49% stake for $1 billion. The tie-up will see RIL&#8217;s 1,400 existing pump stations being ramped up to 5,500 over five years. It also will increase the lucrative aviation fuel stations from 30 to 45. &#8220;Targeted fuel station additions would be nearly [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-306879","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306879","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=306879"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306879\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}