Big partnership between Ambani and Adani! Joined hands for this business, you will also benefit
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The country’s two big giants Gautam Adani and Mukesh Ambani have joined hands. Both the giants have come together for a business. And it will not only benefit them but also the common man. Actually, there is a partnership between Adani’s company Adani Total Gas Ltd (ATGL) and Mukesh Ambani’s company Reliance BP Mobility’s brand Jio-bp. Both the companies will increase the sale of their fuel together.
Ambani-Adani joined hands for this business
Let us tell you that India’s fuel market is growing rapidly. It is worth about $ 150 billion. In such a situation, both the companies have joined hands. According to this partnership, Jio-bp petrol and diesel will be available at many ATGL petrol pumps. And something similar will be seen in Jio-bp petrol pumps as well.
ATGL’s CNG stations will be installed at Jio-bp. This information has been given by Adani Total Gas. In such a situation, now after this partnership, customers will get petrol, diesel and CNG from both the companies at one place.
Private companies are making profit
Let us tell you that private oil companies like Reliance Industries and Nayara Energy are earning good profit. Government oil companies have not reduced the prices of petrol and diesel even after the prices have come down in the international market. Which is being taken advantage of by private companies.
Increasing market share
According to the report of Economic Times, Reliance Industries and Nayara Energy are selling petrol and diesel to the public at a lower price of about Rs 3 per liter than the government companies. Due to which their market share is increasing. Talking about the month of April-May, the share of private companies in diesel sales has jumped. It increased from 9.6% to 11.5%. At the same time, the share in petrol has also increased from 9% to 10%.
Increase in oil demand in India
According to the estimate of the International Energy Agency, the demand for oil in India will be the highest by the year 2030. China has probably already peaked in terms of fuel demand. India’s oil demand will increase in the coming years.
