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Wednesday, December 10, 2008

Essar Oil to open its petrol pumps next month

•The company would reopen all its 1,250 retail outlets by January. We have already made operational 830 petrol pumps so far,” an Essar Oil spokesperson said.

•The company started shutting down its outlets in March after a sharp rise in global crude prices. Now that the margins on petrol and diesel have turned positive after steep fall in crude prices, the company has started opening its retail outlets.

•However, the Mukesh Ambani-led Reliance Industries Limited (RIL) has no such plans for reopening its 1,432 petrol pumps. The company had shut its all retail outlets around March this year after crude price went northwards.

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