RIL to launch 5,000 new fuel outlets
The country’s biggest private company, Reliance Industries (RIL), is rethinking to open
July 12, 2010 | comments ( 1 ) |
The country’s biggest private company, Reliance Industries (RIL), is rethinking to opennew 5,000 outlets in the near future.
The fuel stations which were forced to shut down due to uncompetitive prices placed bythe government would lead the race. Around 750 outlets already existing would start upinitially and the company would eventually increase the number after diesel prices arecompletely deregulated.
The company is looking forward for retail space especially in the north and the east,where it does not have a presence. Also, it is taking a fresh look at already identifiedlocations to find if those have now come to be served by BPCL, HPCL or IOC pumps.The company, at present, has its presence in 12 states and plans to have its footprints inother states too.
The company also has retail model at petrol pumps known as ‘The Avon Plazas' whereit provides all sorts of facilities to customers, such as restaurants, telephone facilities andlavatories. It also plans to open pumps with garages, where trucks and other vehicles canbe repaired.
Analysts say that RIL should gain from the deregulation of the petrol prices as itcurrently has around 1,500 outlets ready to tap gasoline marketing margins. It cancompensate for lower prices of diesel with the profit margin in petrol prices.
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