Ahmedabad, 30 June 2012

Reliance Industries (RIL) has decided to reopen over 50 petrol and LNG pumps in Gujarat from July 1.

“We are reopening over 50 fuel pumps across Gujarat from July 1. We would sell petrol at price parity with public sector oil companies. Also at 36 pumps we will sell auto LPG (liquefied petroleum gas) at prices that are at par with PSU outlets,” an RIL spokesperson said on Saturday.

Thus, the company will sell petrol at Rs 72.86 per litre, while auto LPG will be sold at Rs 43.68 per litre.

According to the spokesperson, the remaining few outlets will become operational over the next few days.

A couple of years earlier, the absence of subsidy to private fuel retailing companies had prompted RIL to shut most of its pumps in Gujarat. “Earlier, we were at a disadvantage, as RIL was not covered under government subsidy. Now, there is a level playing field, and petrol at RIL pumps would be sold at the same price as those of PSUs,” the spokesperson said.

“We are also considering selling diesel at these pumps over the next few weeks, once the central government comes out with a decision on diesel subsidy,” he added.

The official said the company had over 60 company-owned, company-operated and dealer-owned, dealer-operated fuel pumps across the state. Of these, about 50 pumps would be opened on July 1.

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