GulfHindi English Desk: Reliance Industries has reduced the price of its petrol by three rupees, bringing it at par with the prices of other Indian petroleum companies. Previously, Reliance’s petrol was available at a higher price, resulting in a negative impact on sales at the company’s petrol pumps. As a result, the company has decided to reduce the prices in order to increase sales. This decision has been implemented at 50 petrol pumps located throughout Madhya Pradesh.
At Reliance’s petrol pump in Ghumarvi, petrol was previously being sold at 98.83 rupees per liter, which has now been reduced to 95.71 rupees per liter. Similarly, at Reliance’s pump in Bairee, petrol prices have decreased from 99.10 rupees to 95.94 rupees per liter. In comparison to other petroleum companies, Reliance’s petrol is only sold in the speed category.
In contrast, Bharat Petroleum is selling petrol at 95.70 rupees per liter, while Indian Oil is selling petrol at 95.75 rupees per liter. Now, Reliance’s petrol prices are not higher than the prices of these companies.
This step taken by Reliance is an important decision to increase the sales of their petrol, and its direct impact will be seen on their future revenue growth.
en.gulfhindi.com News Summary
👉Reliance Industries has reduced the price of its petrol by three rupees, bringing it in line with the prices of other Indian petroleum companies.
👉Last year, Reliance’s petrol was available at a higher price, resulting in a decrease in sales at the company’s petrol pumps. To increase sales, the company has decided to reduce prices.
👉The new prices of Reliance petrol at its Ghumarwin and Baddi pumps are 95.71 rupees and 95.94 rupees per liter, respectively.
👉In comparison, Bharat Petroleum’s petrol is priced at 95.70 rupees per liter, and Indian Oil’s petrol is priced at 95.75 rupees per liter.
👉This decision by Reliance is aimed at increasing the sales of their petrol and will have an impact on their future revenue.
👉The table provided shows the previous and new prices of petrol for different companies.
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