Reliance Industries to Restart Petrol Pump Network by March Next Year

Reliance Industries plans to
fully resume its petrol pump network by
March next year as government ending
diesel subsidies have given it a level-
playing field to compete with state-
owned retailers.
“Reliance plans to re-commission the
entire network of 1,400 outlets by the
end of FY 2015-16. As on March 31,
2015, over 300 outlets are operational,”
the company said in its latest annual
report.
The firm had ventured into selling petrol
and diesel through a network of nearly
1,400 petrol pumps in 2006, but had to
shut operations as it wasn’t getting
subsidies extended to state-run
operators.