Reliance Industries (RIL) currently has a 5% share of India’s fuel retail market, dominated by state-run firms Indian Oil, HP and Bharat Petroleum. Photo: AFPMumbai: Reliance Industries Ltd (RIL) is targeting doubling its market share in fuel retail in the next two-three years as it expands the business, two people aware of the plan said. RIL currently has a 5% share of India’s fuel retail market. RIL, Essar Oil and Shell India together have a share of less than 8% of the fuel retail market, analysts say. In the year ended March, RIL’s fuel retail revenue rose 60.2% from the previous year to Rs33,765 crore.

Source: Mint May 28, 2017 18:22 UTC