India's Reliance to restart all fuel pump outlets by March 2016

April 18, 2015 8:49 AM

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MUMBAI, April 18 (Reuters) - Indian conglomerate Reliance Industries Ltd plans to restart its entire 1,400 retail fuel pump outlets in fiscal year ending March 2016, a report on the company website shows.

The stations were closed in 2008 when global oil prices urged towards $150 a barrel and the government's subsidy to state fuel retailers knocked privately-owned retailers out of the market.

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