financetom
Economy
financetom
/
Economy
/
Jio-BP introduces E20 blended petrol, to be available at select outlets
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Jio-BP introduces E20 blended petrol, to be available at select outlets
Feb 8, 2023 9:55 AM

Reliance Industries Ltd (RIL) and BP’s mobility joint venture Jio-BP, on Wednesday, announced the rollout of E20 blended petrol, which is a 20 percent blend of ethanol and 80 percent of fossil-based fuel. The joint venture said fuel will be available at select Jio-bp outlets.

Share Market Live

NSE

Jio-BP, in a statement, said, “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. 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.”

Earlier this week, Prime Minister Narendra Modi rolled out petrol blended with 20 percent ethanol across 11 states and Union territories in India. Jio-BP’s move comes as part of the government’s programme to increase the use of biofuel, lower emissions and cut down on oil imports. The government has set a target of E20 fuel from 2030 to 2025.

E20 blending in petrol is being introduced in India by the central government to reduce the country’s oil import cost, energy security, better air quality, self-reliance, use of damaged food grains, increase farmers' incomes, employment generation, and greater investment opportunities, the statement added.

Also Read: Adani Wilmar Q3 net profit at Rs 247 crore on strong volume growth

India's market for fuels and mobility is rapidly growing and is expected to be the fastest-growing fuel market in the world over the next 20 years. Jio-bp claims that its Mobility Stations are designed to meet this growing demand and are located to suit customer convenience.

“They bring together a range of services for consumers on the move – including additivised fuels, EV charging, refreshments & food, and plan to offer more low carbon solutions over time,” it added.

Meanwhile, RIL and BP are nearing the start of production from their giant MJ deep-water project in the KG-D6 block, which will significantly boost gas output from the prized east coast asset, said Sashi Mukundan, Regional President and Head of Country, India, BP Group, at India Energy Week in Bengaluru, Karnataka. The MJ field will come on stream this quarter, Mukundan added.

Reliance and BP are spending about $5 billion on further developing KG-D6 through three different projects, aimed at rejuvenating gas production from the offshore asset. While the first two developments — R-cluster and Satellite Cluster -- have started gas production, MJ is now nearing completion.

The two fields are currently producing around 20 million standard cubic meters per day of gas and MJ would help raise the output to 30 mmscmd, meeting up to 15 per cent of India's gas demand.

The two partners plan to use a floating production system at high-sea in the Bay of Bengal to bring to production the deepest gas discovery in the KG-D6 block.

Also Read: TCS bags its biggest deal of the year - a $700 million one from a British life insurer

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Dollar Rises Early Tuesday Ahead of Busy Data Release Schedule
US Dollar Rises Early Tuesday Ahead of Busy Data Release Schedule
May 5, 2026
07:37 AM EDT, 05/05/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday, except for a decline versus the pound, before a busy data release schedule that starts with international trade data for March at 8:30 am ET. Weekly Redbook same-store sales data are due to be released at 8:55 am ET, followed by S&P...
Correction: US Dollar Rises Early Tuesday Ahead of Busy Data Release Schedule
Correction: US Dollar Rises Early Tuesday Ahead of Busy Data Release Schedule
May 5, 2026
08:16 AM EDT, 05/05/2026 (MT Newswires) -- (Correcting Month for ISM Manufacturing Release to April) The US dollar rose against its major trading partners early Tuesday, except for a decline versus the pound, before a busy data release schedule that starts with international trade data for March at 8:30 am ET. Weekly Redbook same-store sales data are due to be...
Global finance leaders flag shifting capital flows, AI impact at Milken
Global finance leaders flag shifting capital flows, AI impact at Milken
May 5, 2026
May 5 (Reuters) - Top global investors and executives gathered at the Milken Institute Global Conference in Beverly Hills on Monday to discuss geopolitical tensions, private credit risks and opportunities, shifting capital flows and the economic impact of artificial intelligence. Here is what they had to say: JONATHAN GRAY, PRESIDENT AND CHIEF OPERATING OFFICER, BLACKSTONE   Now we have this war,...
US trade deficit widens in March on imports; petroleum exports rise
US trade deficit widens in March on imports; petroleum exports rise
May 5, 2026
(Corrects first quarter GDP growth to 2.0% from 2.2% in third paragraph) WASHINGTON, May 5 (Reuters) - The U.S. trade deficit widened in March as an artificial intelligence investment boom pulled in imports, more than offsetting an increase in exports, which were partly boosted by petroleum shipments amid the Middle East conflict. The trade gap increased 4.4% to $60.3 billion,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved