Reliance will break monopoly of oil company,
British oil major BP Plc and Reliance Industries Ltd (RIL) are planning to jointly set up as many as 2,000 petrol pumps in India over the next three years, according to two people aware of the development. The exact arrangement of the venture is being worked out and would be decided in a few months, a Reliance executive, one of the two people cited above, said on condition of anonymity.
While Reliance already independently runs 1,343 petrol pumps in India, BP received a licence to set up 3,500 fuel retail outlets in India in October.
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