BP and Reliance Industries Limited (RIL) have started their new fuels and mobility joint venture in India, Reliance BP Mobility Limited (RBML). BP paid RIL US$1bn for a 49% stake in the joint venture, with RIL holding 51%. The joint company aims to expand RIL's existing Indian fuel retail network of over 1,400 retail sites under the “Jio-bp” brand to up to 5,500 over the next five years. It also includes RIL's aviation fuels business, which currently operates at over 30 airports throughout the country with plans to expand to 45 aviation fuel stations over the next five years. RBML will source fuels from RIL's Jamnagar refinery, and bets on the strong increase in India's fuel demand as the number of cars on the roads is forecast to increase six-fold in the next 20 years. BP and RIL signed a definitive agreement on the creation of their fuels retail joint venture in December 2019.