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With fuel prices deregulated, Reliance Industries and Essar Oil may revive retail network again

 With fuel prices deregulated, Reliance Industries and Essar Oil may revive retail network again

If oil refiners Reliance Industries and Essar Oil are to be believed, we will see their chirpy green and red fuel pumps reopen in full strength by the end of the financial year.At its shareholder meeting last week, Reliance announced that 400 of its retail outlets are currently operational and it will re-commission the rest of its roughly 1,000 outlets by next March. Lalit Gupta, MD and CEO, Essar Oil, said in a recent investor report that 1,500 of its outlets are already up and running, from the company’s target of 5,000.

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