Reliance and BP Collaborating for World-Class Fuel Alliance
Reliance Industries Limited (RIL) & bp began their new Indian fuel & mobility joint venture - Reliance BP Mobility Limited (RBML). In 2019, RIL & bp came together to sign a historic agreement. The partnership under Jio-bp targets to become a leading player in India's fuel & mobility sector, utilizing Reliance's presence across 21 states & its giant users via the Jio digital platform. BP will offer extensive global experience in top-notch quality differentiated retails, fuels, lubricants & innovative low carbon mobility solutions.
With a desire to change the country's fuel retailing sector pattern, Jio-bp places users firmly at its universe center. Advanced products, enhanced services & avant-garde solutions will aid in setting a new-flanged benchmark in mobility solutions. This alliance will build a promise to Indian users that they can look ahead to differentiated offerings, new-flanged approaches & advanced products. One other market-leading bp - Castrol Lubricants has joined, which will be available across the business's network.
Kick Start for A New Transformation
The partnership expects the business to grow significantly to help meet India's swift expanding demands for mobility & energy. The country is expected to be the rapidly increasing fuels market around the next 20 years, with an estimation of passenger cars to grow almost six-fold over the period. Over the next 5 years, RBML targets expanding its current fuel retailing network from 1,400 to 5,500 retail sites.
It also focuses on increasing its airport presence from 30 to 45 in the coming years. The business desires to offer the consumers innovative fuels with minimum emissions, EV charging & other carbon solution with an ambition to become net zero. Jio-bp plans to proceed into the mobility space to be a true partner of private vehicle owners, fleet owners, aviation business proprietors & truck drivers.
Image source: Reliance Petroleum