Jio-bp rolls out E20 petrol ahead of Indian government mandate
Jio-bp, a fuels and mobility joint venture between Reliance Industries Limited (RIL) and bp, announced the initial rollout of E20 petrol in India. In line with the roadmap set by the Indian government, Jio-bp has become one of the first fuel retailers in India to make E20 petrol available. The Indian government has advanced the target of mandating E20 petrol from 2030 to 2025.
E20 is a 20% ethanol blend and 80% fossil-based petrol. E20 blending in petrol is being introduced in the country by the Government of India with the aim of reducing the country’s oil import cost, ensuring energy security and increasing self-reliance, lowering carbon emissions, and improving air quality. Further the use of damaged food grains avoids debate over food versus fuel, while increasing farmers’ incomes and generating local employment.
India’s market for fuels and mobility is rapidly growing. It is expected to be the fastest-growing fuels market in the world over the next 20 years. Jio-bp Mobility Stations are designed to help meet this growing demand. They bring together a range of services for consumers on the move, including additized fuels, electric vehicle (EV) charging, refreshments & food. These stations plan to offer more low-carbon solutions over time.
The joint venture is well-positioned to become a leader in fuels and mobility by leveraging Reliance’s vast presence and deep experience in consumer businesses across India, and bp’s extensive global experience in high-quality differentiated fuels, lubricants, convenience and advanced low-carbon mobility solutions.