{"id":428394,"date":"2021-07-31T10:55:32","date_gmt":"2021-07-31T05:25:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=428394"},"modified":"2021-07-31T12:10:46","modified_gmt":"2021-07-31T06:40:46","slug":"indianoil-petronas-jv-to-foray-into-fuel-natural-gas-retail-biz","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indianoil-petronas-jv-to-foray-into-fuel-natural-gas-retail-biz\/","title":{"rendered":"IndianOil, Petronas JV to foray into fuel, natural gas retail biz"},"content":{"rendered":"<p>Indianoil Petronas Private Ltd (IPPL) \u2014 a joint venture between state-owned Indian Oil Corporation (IOC) and Malaysian oil and gas company Petronas \u2014 is set to enter the fuel retailing and natural gas retailing business, IndianOil Chairman SM Vaidya said on Friday. The JV is currently engaged in the import, storage, and bottling of liquefied petroleum gas (LPG).<\/p>\n<p>\u201cWe have cleared the IndianOil Petronas Private Limited diversification into natural gas, and transportation fuel retailing business,\u201d Vaidya said in a press conference announcing the company\u2019s June quarter results.<\/p>\n<p>He said the new venture would not cannibalise the sales of IOC as India\u2019s demand for energy was increasing and the growth of the IPPL would not be at the cost of Indian Oil\u2019s market share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indianoil Petronas Private Ltd (IPPL) \u2014 a joint venture between state-owned Indian Oil Corporation (IOC) and Malaysian oil and gas company Petronas \u2014 is set to enter the fuel retailing and natural gas retailing business, IndianOil Chairman SM Vaidya said on Friday. The JV is currently engaged in the import, storage, and bottling of liquefied petroleum gas (LPG). \u201cWe have cleared the IndianOil Petronas Private Limited diversification into natural gas, and transportation fuel retailing business,\u201d Vaidya said in a press conference announcing the company\u2019s June quarter results. He said the new venture would not cannibalise the sales of IOC as [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-428394","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428394","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=428394"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428394\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=428394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=428394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=428394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}