Eleven years after Reliance Industries Ltd (RIL) began shuttering its fuel retail outlets, it has regained market share in petrol and diesel sales to pre-2006 levels. Till 2006, when RIL’s fuel sales were at its peak, it had a market share of 14.3% in diesel and 7.2% in petrol. In 2018-19, it reopened or added 59 stations, reaching 1,372 fuel retail outlets now. “In the domestic market, RIL is gaining market share across categories. With this impending shift, demand for low-sulphur fuel oil is expected to rise.

Source: Mint May 06, 2019 18:56 UTC