Will bring in EV recharging posts at outlets, but it will take some time, says Bob Dudley of BP

Reliance Industries (RIL) and British Petroleum (BP) have formed a new fuel retail joint venture which will include RIL's ATF business. RIL will hold 51 percent, and British Petroleum 49 percent in this new fuel retail joint venture. The joint venture will build on RIL's current fuel network of about 1400 sites. Over the next five years, the JV will set up 5500 sites. CNBC-TV18 spoke to Bob Dudley Group CEO of BP who shared his views on the new joint venture.