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In a landmark development that could reshape India's fuel retail landscape, two of the country’s most powerful industrialists—Mukesh Ambani and Gautam Adani—have announced a strategic partnership between their energy ventures, Jio-bp and Adani Total Gas Ltd (ATGL).
The collaboration will see the integration of their respective fuel station networks, aiming to enhance accessibility, diversify offerings, and deliver a premium experience to Indian consumers. This marks the second major tie-up between Reliance Industries and the Adani Group, following Reliance’s 2024 acquisition of a 26% stake in an Adani Power project in Madhya Pradesh.
Under the new agreement, selected ATGL fuel stations will begin retailing Jio-bp’s high-performance petrol and diesel products. Conversely, ATGL’s compressed natural gas (CNG) units will be installed at various Jio-bp outlets. The synergy will extend across existing and future sites from both companies, potentially redrawing the competitive map of India’s fuel retail sector.
"ATGL is focused on bringing cleaner, more accessible fuels to the nation. This partnership allows us to leverage mutual infrastructure strengths for a seamless consumer experience,” said Suresh P. Manglani, CEO of Adani Total Gas.
Jio-bp Chairman Sarthak Behuria echoed this sentiment, stating, “We are united by a shared vision to deliver high-quality fuels and unmatched service to Indian motorists. This alliance significantly expands our capacity to serve the evolving needs of consumers.”
ATGL, a joint venture between Adani Group and French energy major TotalEnergies, currently operates around 650 CNG stations and plays a leading role in India’s city gas distribution. Meanwhile, Jio-bp, a Reliance-BP joint venture, manages a network of approximately 2,000 fuel outlets nationwide.
The move signals a strategic shift in India’s private energy sector, where historically rival conglomerates are now finding common ground to challenge dominant state-run players. With both giants having overlapping interests in energy, infrastructure, and technology, the partnership could set a precedent for further consolidations aimed at delivering consumer-centric fuel solutions.
Industry analysts say this collaboration could accelerate innovation and investment in India’s fuel ecosystem while fostering competition that benefits end-users.
