Friday, June 2, 2023

Jio-BP Launches E20 Blended Petrol on Selected Outlets

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The company said that this launch will provide support to Government of India’s initiative on E20 fuel and aligns with the its net-zero ambitions.

Fuel and mobility joint venture between Billionaire Mukesh Ambani led Reliance Industries Limited (RIL)and British Petroleum (BP), Jio-BP, has announced the initial rollout of E20 petrol. Jio-BP claimed to be the first company in the country to make this E20 blended petrol available to customers. The company said, “Customers with E20 petrol compatible vehicles will be able to opt for this  fuel at select Jio-bp outlets, and the offering will soon be expanded across the network.”

The E20 fuel is a 20 percent blend of ethanol and 80 percent of fossil-based fuel. E20 blending in petrol is being introduced in the country by the Government of India with the aim to reduce the country’s oil import cost, energy security and lower the carbon  emission. Better air quality, self-reliance in terms of fuel, use of damaged food grains, and employment generation are some other benefits of adopting blended fuel. Further, the government has advanced the target of E20 fuel from 2030 to 2025.

India is projected to be one of the forerunners in terms of growing fuel and mobility market. In the coming 20 years, most of the dependency of fossil fuels will decrease to nominal values. In such a time, Jio-bp’s Mobility Stations will help meet growing demand as per customer’s convenience. The company said that it was bringing together a range of services for consumers on the move – including aditivised fuels, EV charging, refreshments & food, and plans to offer more low  carbon solutions over time.

The joint venture is well-positioned to become a leader in fuels and mobility by leveraging  Reliance’s vast presence and deep experience in consumer businesses across India, and  bp’s extensive global experience in high-quality differentiated fuels, lubricants,  convenience and advanced low carbon mobility solutions.

Source – Franchise India

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