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RIL resumes back with fuel retailing

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Reliance Industries has for a second time started its domestic fuel auctions by recommencing two petrol pumps in Gujarat to sell diesel. Officer of the firm said to www.propertykhazana.com that, “We have merely started dealing diesel through our two petrol pumps in Gujarat and we are now concentrating on diesel. Some part of diesel, we are sheering into the domestic market.” Reliance had closed its almost 1,500 petrol pumps a years ago, as it was not able to fight with the contribute rates of PSU retailers.
But, still the oil rates are dropping; the limits on auto fuel have turned to be optimistic again. Source at the www.propertykhazana.com says that, “It’s too early to notify that when will all the petrol pumps will resume, but we will get back into petro-retail shortly. JV associates are not permitted into the diesel retailing.” RIL has given up the EOU status for its plant, the factory will be running as a non-EOU factory from April to give hiking demand of petroleum products in the country. For more updates on realty market browse www.proeprtykhazana.com.
Source: NBTVLIVE

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