March 29, 2008

Closure of Reliance Petrol Stations

Reliance Industries , headed by Mukesh Ambani is heading for a closure of its gas fuel stations across the country citing less profits. Reliance Industries , which ventured in all sectors like health care, mobiles, digital electronics, footwear, jewelery etc, started its network of fuel stations for vehicles five years back . Though the price of a litre of petrol and diesel were a bit more than the price in other gas stations, the reliance gas stations were very popular among local taxis as it provided both CNG and LPG gas filling options. Is Reliance losing its ground in this sector or is it regaining lost ground?

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