Reliance Petroleum

What Reliance Petroleum does

Reliance Petroleum operates an integrated energy and mobility platform in India, functioning through the Jio-bp joint venture with bp (British Petroleum) while also pursuing downstream polyester operations. The platform runs more than 2,000 mobility stations across India offering additivised petrol and diesel formulated with bp's proprietary ACTIVE technology, a 5,000-point EV charging network under the Jio-bp Pulse brand, CNG, doorstep diesel delivery (Fuel4U) using PESO-approved mobile dispensing units, real-time fleet management and tracking (Trans-Connect), battery swapping for e-2/e-3/e-4 wheelers, and convenience formats (Wild Bean Café, Refresh food plazas, convenience stores, Castrol Express Oil Change, nitrogen tyre inflation).

The company monetises across multiple revenue mechanics: government-regulated daily-priced fuel retail, usage-based EV charging fees, subscription-based fleet management, transaction-based doorstep diesel delivery for enterprise customers, one-time franchise licensing for mobility station owners, and loyalty-driven consumer spend through the RewardMeter and Jio-bp 4ever programs plus the IndusInd Bank Jio-bp Mobility+ co-branded credit card. It also captures enterprise value through B2B partnerships with OEMs (Mahindra, MG Motor, TVS, Hero Electric, Citroën), food-delivery platforms (Zomato, Swiggy, BluSmart), and real estate developers (Piramal Realty, Omaxe, Nexus Malls), and operates aviation fuel services through the air bp-Jio alliance.

Its go-to-market combines a product-led retail model at owned and franchised stations with a channel-partner model for B2B fleet, OEM, and infrastructure deployments. Separate from the Jio-bp JV, the Reliance Petroleum Retail subsidiary acquired the polyester business of Shubhalakshmi Polyesters and Shubhlaxmi Polytex for ₹1,592 crore in September 2022, broadening the group's downstream chemicals and materials exposure. Customer segments span individual vehicle owners (the primary B2C base), commercial fleet owners and operators, mobility station franchisees, enterprise B2B partners, and airlines.

Name

Reliance Petroleum

Legal name

Reliance Petroleum Limited

Website

https://reliancepetroleum.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Reliance Petroleum operates an integrated energy and mobility platform in India through the Jio-bp joint venture with bp, running 2,000+ mobility stations offering additivised fuels, EV charging, CNG, fleet management, and convenience services to individual vehicle owners, commercial fleets, and enterprise partners.

Ownership category

akta.pro rank

Product category

Fuel Retail

NAICS

Gasoline Stations with Convenience Stores (45711), Gasoline Stations and Fuel Dealers (457), Fuel Dealers (4572), Other Gasoline Stations (457120)

SIC

Retail-Auto Dealers & Gasoline Stations (5500), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro industry

PRIMARYEUALAIAA

Retail Service Station Operations (Company-Owned & Dealer-Operated)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Downstream Fuels Marketing & Retail (Service Stations, Branded Fuels)

SECONDARYEUALAIAE

Convenience Retail & Foodservice at Forecourts (C-Store/QSR)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Downstream Fuels Marketing & Retail (Service Stations, Branded Fuels)

SECONDARYEUALAIAB

Branded Fuels Wholesaling & Jobber Distribution

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Downstream Fuels Marketing & Retail (Service Stations, Branded Fuels)

SECONDARYEUALAIAI

Alternative Transportation Fuels Retail (EV Charging, Hydrogen, CNG/LNG, Biofuels Blends)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Downstream Fuels Marketing & Retail (Service Stations, Branded Fuels)

SECONDARYEUALAIAJ

Non-Fuel Retail & Ancillary Forecourt Services (Car Wash, Auto Care, ATM/Lottery, Parcel Lockers)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Downstream Fuels Marketing & Retail (Service Stations, Branded Fuels)

SECONDARYEUALAIAK

Fuel Pricing, Loyalty & Payments Platforms (POS, Mobile Pay, Fleet Cards, Loyalty Programs)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Downstream Fuels Marketing & Retail (Service Stations, Branded Fuels)

Keywords

• Fuel retail
• Petroleum products
• EV charging network
• Mobility stations
• Fleet management

Headquarters

HQ city

Navi Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Fuel Retail (Petrol, Diesel, Additivised Fuels): Sale of petrol, diesel, and premium additivised fuels through 2,000+ Jio-bp mobility stations across India. Government-regulated daily pricing.
2. Non-Fuel Retail (Convenience Store, Wild Bean Café, Refresh): Revenue from convenience stores, Wild Bean Café food and beverage outlets, and Refresh food plazas located at Jio-bp mobility stations.
3. EV Charging Services (Jio-bp Pulse): Fees from DC fast charging and ultra-fast EV charging stations for 2-wheelers, 3-wheelers, and 4-wheelers, accessible via the Jio-bp charging app.
4. Fleet Management (Trans-Connect): Fleet management and tracking solutions for commercial vehicle owners, generating subscription or service fees.
5. Doorstep Diesel Delivery (Fuel4U): Enterprise-focused diesel delivery service with compliant mobile dispensing units, serving commercial and industrial customers directly.
6. CNG Sales: Sale of affordable Compressed Natural Gas (CNG) at Jio-bp CNG stations including highway and city locations.
7. Battery Swapping: Battery swapping infrastructure for e-2, e-3, and e-4 wheelers as part of Jio-bp Pulse, serving B2B and B2C segments.
8. Mobility Station Franchise (Dealer/Franchise Model): Revenue generated from franchise or dealer network expansion — mobility station owners join the Jio-bp network and operate under the Jio-bp brand.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels8 records

Core offering

Reliance Petroleum, operating through the Jio-bp mobility platform, is an India-based fuel retailer selling petrol, high-speed diesel, auto LPG, additivised fuels with bp ACTIVE technology, E20 blended petrol, and CNG through a 2,000+ mobility station network. Beyond fuels, it offers EV charging (Jio-bp Pulse), battery swapping, doorstep diesel delivery (Fuel4U), fleet management (Trans-Connect), convenience stores, Wild Bean Cafe, food plazas, Castrol Express Oil Change, Nitrofill, loyalty programs, and aviation fuel services via the air bp-Jio partnership.

Product overview

Jio-bp (Reliance BP Mobility Limited) is a joint venture between Reliance Industries and bp (British Petroleum) offering India's leading energy mobility platform. The company operates 2,000+ mobility stations providing a comprehensive portfolio of products and services: core offerings include Additivised Fuel with ACTIVE technology, Fuel Retail, Jio-bp Pulse EV charging network with 5,000+ charging points, Battery Swap for e-2/3/4 wheelers, CNG, and air bp-Jio aviation fuels. Additional services include Fuel4U doorstep diesel delivery, Trans-Connect fleet management, and convenience offerings like Wild Bean Cafe, Refresh food plazas, Convenience Stores, and Castrol Express Oil Change. Loyalty programs include RewardMeter and Jio-bp 4ever, while Flexipay enables seamless digital payments. The company has expanded through partnerships with automotive OEMs (Mahindra, MG Motor, TVS, Citroën, Hero Electric) and launched innovative products like E20 blended petrol and integrated Mobility Hubs.

Differentiator

Problem solved

Functional benefit

Products and services

• Petrol Retail sale of petrol (gasoline) to individual vehicle owners and fleet operators through Jio-bp mobility stations across India.
• High-Speed Diesel (HSD) Retail sale of high-speed diesel for cars, commercial vehicles, and industrial customers through Jio-bp mobility stations and Fuel4U doorstep delivery.
• Auto LPG Auto LPG fuel offered to vehicle owners as an alternative fuel option within the fuel retail portfolio.
• Additivised Fuel (bp ACTIVE Technology) Premium petrol and diesel formulated with bp's ACTIVE technology that actively cleans critical engine parts and reduces long-term fuel consumption costs.
• E20 Blended Petrol Petrol blended with 20% ethanol, supporting India's ethanol blending programme and reducing lifecycle carbon emissions from vehicles.
• CNG at Jio-bp Affordable Compressed Natural Gas (CNG) sold at Jio-bp's CNG stations on highways and in city locations.
• Jio-bp Pulse EV Charging India's growing network of EV charging stations providing smart, high-speed charging solutions for 2-wheelers, 3-wheelers, 4-wheelers, SUVs, and commercial EVs, accessed via the Jio-bp app.
• Battery Swap Battery swapping infrastructure compatible with e-2, e-3, and e-4 wheelers, complementing the EV charging network for both consumers and commercial fleets.
• Fuel4U Doorstep Diesel Delivery B2B doorstep diesel delivery service using PESO-approved mobile dispensers and smart fuel containers, delivering compliant fuel directly to enterprise, industrial, and fleet depot locations.
• Trans-Connect Fleet Management Smart fleet management and real-time fleet tracking system designed to improve efficiency and reduce operating costs for commercial vehicle owners.
• Wild Bean Cafe Food and beverage outlets serving fresh brews, beverages, and quick bites at Jio-bp mobility hubs across India.
• Refresh (Food Plazas) Food plazas offering multiple cuisines at Jio-bp mobility stations, positioned as a convenient meal stop during travel.
• Convenience Store Retail convenience stores offering everyday essentials, travel items, snacks, confectionery, and cold beverages at Jio-bp mobility stations.
• Castrol Express Oil Change Quick oil change service for 2-wheelers using premium Castrol engine oil, available at Jio-bp mobility hubs.
• Nitrofill (Nitrogen Tyre Inflation) Nitrogen tyre inflation service at Jio-bp mobility stations intended to improve tyre life and fuel efficiency.
• air bp-Jio Aviation Fuels Aviation fuels and refuelling services provided through the air bp-Jio partnership to airlines and aviation companies at airports and operational bases.

Quantifiable outcome

• INR 1.1 lakh savings per truck annually with Jio-bp's new diesel product (as announced May 2023)
• +2 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

15 partnerships are on record, tiered major, minor and core.

• IndusInd Bank (Jio-bp Mobility+ Credit Card)majorGTM or Marketing Partner · 10 January 2026IndusInd Bank and Jio-bp launched the co-branded 'IndusInd Bank Jio-bp Mobility+' Credit Card in January 2026, offering Smiles reward points on Jio-bp fuel purchases and milestone bonuses.
• Devanahalli, Bengaluru (Integrated Mobility Hub)majorOthers · 31 October 2025Jio-bp unveiled India's first-of-its-kind and largest integrated Mobility Hub at Devanahalli, Bengaluru in October 2025, featuring an EV charging hub with 28 charge points, representing a flagship location for Jio-bp's integrated mobility vision.
• Citroën IndiamajorStrategic or Co-development Partner · 13 January 2023Citroën signed a strategic EV charging partnership with Jio-bp in January 2023, integrating Jio-bp's charging network into Citroën's EV customer experience.
• Hero ElectricmajorStrategic or Co-development Partner · 11 October 2022Hero Electric partnered with Jio-bp in October 2022 (announced August 2022) to accelerate 2-wheeler EV adoption in India through charging infrastructure collaboration.
• Nexus MallsminorGTM or Marketing Partner · 22 June 2022Jio-bp partnered with Nexus Malls in June 2022 to provide EV charging at mall locations, making Jio-bp charging accessible at retail and commercial spaces.
• ZomatocoreStrategic or Co-development Partner · 15 June 2022Jio-bp partnered with Zomato in June 2022 to provide EV mobility services to Zomato's delivery fleet, supporting last-mile delivery electrification.
• OmaxeminorGTM or Marketing Partner · 9 June 2022Omaxe partnered with Jio-bp in June 2022 to set up EV charging and battery swapping infrastructure at Omaxe commercial and residential projects.
• MG Motor IndiacoreStrategic or Co-development Partner · 2 June 2022Jio-bp, MG Motor, and Castrol signed a partnership in June 2022 to boost EV adoption in India through a comprehensive charging and service network, combining vehicle sales with charging infrastructure.
• Castrol ( lubricant partner for Castrol Express Oil Change)coreChannel Partner/ Reseller/ Distributor · 1 June 2022Castrol is a key partner providing engine oils for Castrol Express Oil Change services at Jio-bp mobility stations. Jio-bp also partnered with Castrol and MG Motor in June 2022 to boost EV adoption. Castrol GTX with re-refined base oil was introduced for Renault vehicles in December 2025.
• TVS Motor CompanycoreStrategic or Co-development Partner · 5 April 2022Jio-bp and TVS Motor Company collaborated in April 2022 on EV solutions, integrating Jio-bp's charging infrastructure with TVS Motor's electric vehicle offerings.
• Piramal RealtymajorGTM or Marketing Partner · 23 March 2022Piramal Realty partnered with Jio-bp in March 2023 for installation of EV charging stations across its residential developments, expanding Jio-bp's reach into residential real estate.
• Mahindra & MahindracoreStrategic or Co-development Partner · 8 December 2021Jio-bp and Mahindra entered an EV and low-carbon mobility partnership in December 2021, which was strengthened in October 2022 to expand EV charging infrastructure and solutions. Anant Ambani and Murray Auchincloss co-inaugurated Jio-bp's 500th EV charging station at Jio World Centre, BKC, Mumbai in September 2024, marking 5,000 Jio-bp charging points in India.
• BluSmartmajorStrategic or Co-development Partner · 9 September 2021Jio-bp and BluSmart partnered in September 2021 to set up EV charging stations across India, supporting BluSmart's electric ride-hailing fleet.
• SwiggymajorStrategic or Co-development Partner · 5 August 2021Jio-bp forayed into battery swapping for EVs in August 2021 through a tie-up with Swiggy, marking Jio-bp's entry into the battery swapping segment for last-mile delivery.
• bp (British Petroleum)coreStrategic or Co-development Partner · 9 July 2021bp and Reliance Industries formed a joint venture under the name 'Jio-bp' (Reliance BP Mobility Limited) in July 2021, combining Reliance's Indian market leadership and infrastructure scale with bp's global energy expertise. The JV operates 2,000+ mobility stations offering fuel retail, EV charging, CNG, and convenience services across India. Murray Auchincloss, bp CEO, co-inaugurated Jio-bp's 500th EV charging station in September 2024 alongside Anant Ambani.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Statiq: Indian EV charging network operator building public charging infrastructure across highways and cities; competes with Jio-bp Pulse for EV charging utilisation and partnerships.
• Tata Power: Emerging EV charging network operator in India with public charging points across cities and highways; comparable as a competitor in the EV charging segment where Jio-bp Pulse competes.
• Ather Energy: Indian electric two-wheeler OEM with its own Ather Grid charging network and battery ecosystem; comparable to Jio-bp's 2-wheeler EV charging and battery swap infrastructure and as a partner/competitor.
• ChargeZone: Fast-growing Indian EV charging network with highway-focused fast-charging hubs; overlaps with Jio-bp Pulse on highway EV charging coverage and fleet electrification.

Direct peers

• Shell India: International oil major's Indian fuel retail business operating branded petrol stations, convenience stores and lubricants; comparable on premium additivised fuel positioning and forecourt experience versus Jio-bp.
• Nayara Energy: Private-sector fuel retailer (formerly Essar Oil) operating a pan-India branded retail network with petrol/diesel stations and non-fuel retail; competes head-on with Jio-bp in private retail fuel.
• Hindustan Petroleum (HPCL): Public-sector fuel retailer with extensive station network across India and growing convenience, EV charging and CNG offerings; directly competes with Jio-bp across fuel and emerging mobility services.
• Indian Oil Corporation: India's largest public-sector fuel retailer with the country's dominant network of petrol/diesel stations and a growing EV charging and CNG presence; the most directly comparable fuel retail competitor to Jio-bp in India.
• Bharat Petroleum (BPCL): Major Indian PSU oil marketer operating a large branded fuel station network with convenience retail and emerging EV charging; directly comparable on fuel retail, non-fuel retail and mobility expansion.

Broad incumbents

• Reliance Industries (Jio-bp parent): Parent conglomerate of the Jio-bp JV and owner of the Reliance Petroleum legacy entity; while RIL itself operates across petrochemicals, refining, digital and retail, the Reliance Petroleum/Jio-bp operations sit within its broader energy and mobility portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/reliancepetro

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reliance Petroleum