Jio-BP's Fuel Sales Surge and Innovation Drive A Bright Future
Jio-BP, a fuel retailing joint venture between Reliance Industries and BP, reported a 34% increase in petrol and diesel sales in the September quarter. The growth is attributed to an expanding retail network and innovative high-performance fuels. The venture is also advancing in clean fuels, including EV charging and compressed natural gas.
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- India
In the September quarter, Jio-BP, a joint venture between Reliance Industries and BP, recorded a significant 34% rise in petrol and diesel sales. This spike is largely due to the company's proactive expansion of its retail network.
Jio-BP sold 1.8 million kilolitres of petrol and diesel between July and September, marking a 34% increase from the previous year, as revealed in an investor presentation post-second quarter earnings. The robust margins further supported these results.
Reliance BP Mobility Ltd continues to prioritize innovative offerings, such as high-performance 'Active Technology' fuels, alongside traditional fuels. The venture is also focusing on clean fuels with over 6,431 EV charging points and a 70% growth in CNG and CBG stations.
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