{"id":356743,"date":"2020-06-11T11:14:48","date_gmt":"2020-06-11T05:44:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356743"},"modified":"2020-06-11T11:14:48","modified_gmt":"2020-06-11T05:44:48","slug":"ril-seeks-10-rent-waiver-from-its-fuel-retailers","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-seeks-10-rent-waiver-from-its-fuel-retailers\/","title":{"rendered":"RIL seeks 10% rent waiver from its fuel retailers"},"content":{"rendered":"<p>MUMBAI: Faced with loss of income in its hydrocarbon business because of a slump oil prices and fuel demand, billionaire Mukesh Ambani-led Reliance Industries is seeking a 10% waiver on rent the company pays to its fuel retailers.<\/p>\n<p>Reliance Industries Ltd (RIL) operates 1,400-odd fuel retail outlets. Of these nearly 500 are company-owned and dealer-operated wherein RIL has rented land from owners. It also has 30 aviation fuel stations across the country.<\/p>\n<p>&#8220;Since RIL is bearing losses in its oil business, it has requested us for a 10% reduction in monthly rent for the next 10 months,&#8221; said an RIL fuel dealer on the condition of anonymity. In addition to codo, RIL also has outlets which are dealer-owned, dealer-operated and company-owned, company-operated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Faced with loss of income in its hydrocarbon business because of a slump oil prices and fuel demand, billionaire Mukesh Ambani-led Reliance Industries is seeking a 10% waiver on rent the company pays to its fuel retailers. Reliance Industries Ltd (RIL) operates 1,400-odd fuel retail outlets. Of these nearly 500 are company-owned and dealer-operated wherein RIL has rented land from owners. It also has 30 aviation fuel stations across the country. &#8220;Since RIL is bearing losses in its oil business, it has requested us for a 10% reduction in monthly rent for the next 10 months,&#8221; said an RIL [&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-356743","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\/356743","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=356743"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356743\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}