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%.
What happened
Reliance Industries · At Reliance AGM, Anant Ambani detailed how RIL navigated Hormuz disruption by redirecting gas, quadrupling LPG supply, and maintaining
Key facts
- 70% import dependence
- 33 MTPA domestic
- 35.2 MTPA export
- Revenue Rs 6,62,401 cr (+5.7%)
- EBITDA Rs 60,546 cr (+10.1%)
- Jio-bp volumes +29% YoY
- ~2,200 retail outlets
- LPG supply 4x
Why this matters
Jio-bp's accelerating retail share and quadrupled LPG supply create a credible fuel-retail consolidation play—watch for bolt-on acquisitions of sub-scale private operators.