Agreement to Buy Fuel Together Signed
Jio-BP and Adani Group have signed an agreement to sell fuel together in India. The deal is based on mutual distribution of fuel at chosen retail outlets.
How the Fuel Exchange Will Operate
According to the agreement, Jio-BP petrol and diesel will be sold by Adani Total Gas Limited (ATGL) at its own outlets. In return, Jio-BP outlets will supply ATGL's compressed natural gas (CNG).
Quotes from Company Executives
Jio-BP Chairman, Sarthak Behuria, announced that the alliance will enable both firms to grow their businesses. He highlighted the advantages of uniting strengths. ATGL CEO, Suresh P Manglani, indicated that the common goal is to supply good-quality fuel to customers.
Details About ATGL and Jio-BP Network
ATGL, a partnership between Adani Group and Total Energies of France, operates 650 CNG stations in India. Jio-BP, a partnership between Reliance Industries and BP of the UK, operates over 2,000 fuel stations.
Scope and Impact of Partnership
The deal extends to existing and proposed fuel stations. This tie-up will enhance fuel supply and enhance service across the networks.
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