Mumbai: Eleven years after Reliance Industries Ltd (RIL) began shuttering its fuel retail outlets, it has now regained market share in petrol and diesel to pre-2006 levels.
While petrol and diesel sales nationwide grew 9% and 3%, respectively, in 2018-19 from a year ago, RIL outperformed the industry with figures of 21% and 16%, respectively, the company said in a presentation to analysts after its quarterly earnings. Till 2006, when RIL’s fuel sales were at their peak, the refiner had a market share of 14.3% in diesel and 7.2% in petrol.
“With 1,372 outlets, we clocked the highest-ever exit volume at 5.6 million kilolitres in March 2019,” said RIL in the presentation. A kiloliter is equivalent to 1,000 litres. Read More
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