Jio-bp volumes jump 29% YoY as network nears 2,200 outlets amid Hormuz disruption
Reliance's fuel retail arm Jio-bp grew throughput 29% year-on-year and expanded to nearly 2,200 outlets, even as the company quadrupled LPG supply and held Jamnagar steady through the Hormuz shock. Oil-to-gas revenue rose 5.7% to Rs 6,62,401 crore with EBITDA up 10.1%.
At Reliance AGM, Anant Ambani detailed how RIL navigated Hormuz disruption by redirecting gas, quadrupling LPG supply, and maintaining Jamnagar throughput. Jio-bp fuel retail grew 29% YoY to nearly 2,200 outlets; oil-gas revenue up 5.7%.