savramesh 37 Report post Posted April 23, 2009 Business Standard Thursday, Apr 23, 2009 Mukesh Ambani’s Reliance Industries Ltd (RIL) today re-opened two petro retail outlets in Jamnagar without much fanfare. The company had closed all its 1,400-odd retail outlets through the country last year, after sales dropped drastically due to its inability to match the subsidised prices offered by state sector oil marketing companies. RIL is aiming to revive its 350-odd outlets in Gujarat and Maharashtra by the end of this month, followed by the rest of the country. Sources said the two outlets were selling only diesel and auto LPG at present. The company may sell only these two products for some time. This has put to rest talk of RIL selling its retail outlets to other interested players, including Shell and Indian Oil Corporation (IOC). “It will take about a week or so to re-open a majority of our petrol pumps in Gujarat, followed by Maharashtra,” said an RIL spokesperson. Apart from Jamnagar, the company is looking at cities like Rajkot and Ahmedabad. Industry sources said the company planned to re-open 50-60 outlets on highways in Gujarat and later look at outlets in Maharashtra. Reliance has over 1,400 petrol pumps, 60 per cent of which are in Gujarat and Maharashtra. According to Jayantilal Contractor, director of the All India Motor Transport Congress, the premier union for truckers, RIL may re-open all its retail outlets as early as this week. “Initially, the company may price its products at competitive rates, unlike the last time when its rates were higher than that offered by the public sector companies. When you re-open an outlet after shutting it once, it takes effort to get customers. RIL may, therefore, introduce certain schemes to attract customers in a short time,” said Contractor. In 2003, when RIL had first opened its outlets, it had come with free lunch offers, sources said. Share this post Link to post Share on other sites
Greatest 55 Report post Posted April 23, 2009 ^^^^ nice move... atleast a lot of investment made into the bunks wont go waste..!! its a case of National interest.. Share this post Link to post Share on other sites
vvinayakpai 26 Report post Posted April 23, 2009 Truly, RIL changed the way petrol pumps functioned imbibing in a lot of professionalism and mainly cleanliness into the system. The toilets maintained at RIL pumps set the trends for IOC and BP to catch up. And also the quality of fuel was also a tad better. (My personal opinion) Share this post Link to post Share on other sites
me_saket 73 Report post Posted April 23, 2009 quality of fuel was also a tad better. (My personal opinion) i agree with u, but hope he will not degrade qaulity for compititive price. i too waiting for reliance pertol Share this post Link to post Share on other sites
pasumark 51 Report post Posted April 23, 2009 Whenever the international crude prices are high, he sells there and when they come down he sells it here since it will be more profitable here. It is a pure business decision Share this post Link to post Share on other sites
kshah 452 Report post Posted April 24, 2009 As long as APM exist, it will be damn difficult to private companies to sell fuel in india. We have very typical fuel scenario, which favours PSU and government revenue only, it doesn't care for consumer or Indian economy. Share this post Link to post Share on other sites
