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Why did Reliance Industries shutdown its retail petrol pumps


This news was published in 2008, March.

I was going through the petrol price hike news & wondered it’s a golden goose for government & it’s so close with Ambani, how come Ambani is not in this business? I remember Reliance use to have retail outlets for petrol & they closed it 10 years back. I wanted to know what happened back then & why did they close this cash cow business.

I’m just sharing this news just incase TOI or ET decides to delete this news sometime (after 10 years?!, who knows!) Sharing this news, just incase if Reliance opens this business back & any miracle happens to petrol price.

ril

Mar 25, 2008, 09.11 AM IST

MUMBAI: Reliance Industries, the country’s largest private sector company, has decided to shut down all the petroleum retail outlets owned by it directly as surging crude prices and the absence of government subsidies have made operations unviable.

We are kept out of the ambit of the government-sponsored survival package. We have decided to close all our company-owned retail outlets. It has become unviable to transport fuel from our depots to retail outlets as the throughput from our retail outlets has almost become zero.

We are not going to re-fuel any of our retail outlets and this will eventually lead to closure of such outlets till stocks last, a source close to the development told ET. A Reliance spokesperson declined to respond to an ET questionnaire on the issue.

RIL operates about 1,400 retail outlets. It owns most of these outlets after it decided to buy out several outlets being operated by the dealers. The source told ET that the outlets operated by the dealers will continue to function. RIL achieved a fair amount of success in the petroleum retail market, gaining a market share of over 14% in no time.

RIL’s outlets were selling almost four times the average sales of PSU outlets till May 2006. The sales volumes of RIL outlets fell significantly after the price increase. Over 50 lakh customers who had been patronizing RIL outlets known for their quality and quantity assurance switched to other outlets.

The price differential between private and public companies kept widening because of oil bonds for state-owned oil marketing firms and discounts from upstream oil companies. At present, RIL sells petrol and diesel at between Rs 6 and Rs 14 more than PSUs. This drove away customers, forcing the pumps to go dry.
Even with this differential, RIL is incurring substantial losses in retail marketing. Further, this in turn has affected the operations and consequent revenues of the company. Its market share, which stood at 14%, has dropped to nil after the price differential with PSUs.
Asked if the company would consider selling off its petroleum retail operations, given that the government cap on pricing continues, We remain committed to the petroleum sector and will not sell our retail operations. The lack of a level-playing field between the public and private sector remains an area of concern, and we look forward to the its restoration as soon as it is possible so we can to resume our retail petro operations, said the source.
RIL, along with other private sector firms like Essar Oil and Shell, is lobbying hard for equal treatment with OMCs, including access to oil bonds issued by the government to underwrite the subsidy cost of selling petroleum products at a concessional price.

(This article was originally published in The Times of India)

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Adopt a Terrorist!!!


It is the Indian politicians way of doing politics in every possible way and make their presence in media and Media has their own way of doing politics and shows with politicians by letting them talk for an hour without knowing what the discussion is about. For an hour all members in the show will speak shout whatever they know.

75

He is the one who said, give us 15 minutes and we will kill all the Hindus!

toi

Times Of India – Where Front page is allocated to Terrorist and a side box news is for Former Indian President.

yakub-memon-L

In a country where a Muslim can be at any top positions including President and Prime Minister, there are still a bunch of people who cries for %

In the recent Yakub Memon case, similar to Ajmal Kasab case two years back, there were a lot of forward thinking & liberal minded “Intellectuals”, our air-conditioned humanitarian Nationalists who raised a very big hue and cry and signed mercy petitions. They should read this response by the Canadian Govt to their own armchair philanthropists on their concerns regarding standards of treatment of captured Terrorists.

Canadian female liberal wrote a lot of letters to the Canadian Government, complaining about the treatment of captive insurgents (terrorists) being held in Afghanistan National Correctional System facilities.

She demanded a response to her letter, She received the following reply:

From:
National Defence Headquarters.
Pearkes Bldg., 15 NT, 101 Drive, Ottawa , ON K1A 0K2
Canada.

Dear Concerned Citizen,

Thank you for your recent letter expressing your profound concern of treatment of the Taliban and Al Qaeda terrorists captured by Canadian Forces, who were subsequently transferred to the Afghanistan Government and are currently being held by Afghan officials in Afghanistan National Correctional System facilities.

Our Administration takes these matters seriously and your opinions were heard loud and clear here in Ottawa. You will be pleased to learn, thanks to the concerns of citizens like yourself… we are creating a new department here at the Department of National Defence, to be called ‘Liberals Accept Responsibility for Killers’ program, or “L.A.R.K.” for short.

In accordance with the guidelines of this new program, we have decided, on a trial basis, to divert several terrorists and place them in homes of concerned and responsible citizens such as yourself… around the country, under those citizens personal care. Your personal detainee has been selected and is scheduled for transportation under heavily armed guard to your residence in Toronto next Monday.

Ali Mohammed Ahmed bin Mahmud is your detainee, and is to be cared for pursuant to the standards you personally demanded in your letter of complaint. You will be pleased to know that we will conduct weekly inspections to ensure that your standards of care for Ahmed are commensurate with your recommendations.

Although Ahmed is a sociopath and extremely violent, we hope that your sensitivity to what you described as his ‘attitudinal problem’ will help him overcome those character flaws. Perhaps you are correct in describing these problems as mere ‘cultural differences’. We understand that you plan to offer ‘counselling and home schooling’, however, we strongly recommend that you hire some assistant caretakers.

Please advise any Jewish friends, neighbours or relatives about your house guest, as he might get agitated or even violent, but we are sure you can ‘reason’ with him. He is also expert at making a wide variety of explosive devices from common household products, so you may wish to keep those items locked up, unless in your opinion, this might ‘offend him and his sensibilities’. Your adopted terrorist is extremely proficient in hand-to-hand combat and can extinguish human life with such simple items as a pencil or nail clippers. We advise that you do not ask him to demonstrate these skills either in your home or wherever you choose to take him while ‘helping him adjust to life in our country’.

Ahmed will not wish to interact with you or your daughters except sexually… since he views females as a form of property, thereby having no rights, including refusal of his sexual demands. This is a particularly sensitive subject for him.

You also should know that he has shown violent tendencies around women who fail to comply with the dress code that he will recommend as more appropriate attire. I’m sure you will come to enjoy the anonymity offered by the burka over time. Just remember that it is all part of ‘respecting his culture and religious beliefs’ as described in your letter.

You take good care of Ahmed and remember that we will try to have a counsellor available to help you over any difficulties you encounter while Ahmed is adjusting to Canadian culture.

Thanks again for your concern. We truly appreciate it when folks like you keep us informed of the “PROPER WAY TO DO OUR JOB AND CARE FOR OUR FELLOW MEN”.

Good luck and God bless you and your daughters

Cordially,

Gordon O’Connor

No ullu banawing…

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electoral-reforms-india

A few days left for the parliament general elections! A largest democratic country where 81 crores people are going to vote. And here is a video of India’s first voter Mr. Shyam Negi, at his 97 years is still casting his vote irrespective of the climate.

Check out the interviews of  various leaders at different situation; here are the most important interviews one should watch. Instead of sharing multiple videos in my social networking page, I wanted to consolidate it in one place and so is this post!

Here you go! Do spend sometime watching these interviews and cast your vote wisely, Tell them no ullu banawing! #PledgeToVote

Jayalalithaa:

Hardtalk with Karan Thapar

 

Rendezvous with Simi Garewal part 1

 

Rendezvous with Simi Garewal part 2

Karan Thapar:

http://youtu.be/zJEtX9-G1jc – Traitor Karan Thapar

 

Frankly Speaking with Arnab Goswami – Part 1

Frankly Speaking with Arnab Goswami – Part 2

Frankly Speaking with Arnab Goswami – Part 3

Frankly Speaking with Arnab Goswami – Part 4

Rahul Gandhi:

Frankly Speaking with Arnab Goswami

Arvind Kejriwal:

Frankly Speaking with Arnab Goswami