Jio-bp, the fuel and mobility joint venture of Reliance Industries Ltd and UK’s bp, has launched petrol blended with 20 per cent ethanol, aligning with the government’s program to reduce oil imports and reduce carbon emissions.
“In line with the roadmap set by the government, Jio-bp has become one of the first fuel retailers in India to make E20 blended petrol available,” the company said in a statement.
“Customers with E20 petrol compatible vehicles will be able to opt for this fuel at select Jio-bp outlets, and the offer will soon be extended across the network.”
E20 fuel is a mixture of 20 percent ethanol and 80 percent gasoline.
The government is introducing the country’s ethanol blend, extracted from sugarcane, broken rice and other food grains, to reduce the country’s oil import cost and reduce carbon emissions while providing farmers with an additional source of income
“India’s fuel and mobility market is growing rapidly. It is expected to be the fastest growing fuel market in the world over the next 20 years.
“Jio-bp Mobility Stations are designed to help meet this growing demand and are ideally positioned to suit customer convenience. They bring together a range of services for consumers on the move, including fuel additive, vehicle charging electrical, soft drinks and food, and plan to offer more low-carbon solutions over time,” the statement said.
Prime Minister Narendra Modi launched the E20 fuel earlier this week at the India Energy Week in Bangalore.
“The joint venture (Jio-bp) is well positioned to become a leader in fuel and mobility by leveraging Reliance’s broad presence and deep expertise in consumer businesses in India, and bp’s extensive global expertise in high-quality differentiated fuels, lubricants, convenience. and advanced low-carbon mobility solutions,” the statement said.
Operating under the brand ‘Jio-bp’, Reliance BP Mobility Limited (RBML) is the fuel and mobility joint venture between Reliance Industries Limited (RIL) and bp. The joint venture has 1,510 power plants across the country.
Date of first publication: 10 Feb 2023, 10:13 IST
