RIL regains market share in petrol, diesel sales

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.

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 its peak, it had a market share of 14.3% in diesel and 7.2% in petrol. “With 1,372 outlets, we clocked highest-ever exit volume at 5.6 million kilolitres in March 2019,” RIL said in the presentation. A kiloliter equals 1,000 litres.