Private players are grabbing a larger share of India’s growing aviation fuel business as they expand their supply networks and stitch more deals with airlines. Reliance-BP and Shell-MRPL, the two private sector joint ventures, expanded their market share to 9% in February from 5.5% in the same month last year. Their share was 6% in February 2022.
Reliance-BP’s share rose to 5.4% in February from 3.3% a year earlier and 3.9% in 2022. Shell-MRPL’s share increased to 3.6% from 2.2% a year earlier and 2.25% in 2022.
