New Delhi,<\/p>\n
Private fuel retailers like Rosneft-owned Essar Oil and Reliance Industries have doubled their market share in last three years, capturing close to 7 per cent of<\/p>\n
petrol sales and over 8 per cent of diesel sales.<\/p>\n
Oil Minister Dharmendra Pradhan, in a written reply to a question put to him in the Lok Sabha, said private companies were allowed to sell petrol and diesel in<\/p>\n
March 2002. From April 2002, fuel pricing was also deregulated.<\/p>\n
Consequently, Reliance, Essar and Shell set up petrol pumps to directly compete with public sector giants like Indian Oil Corp (IOC). In the initial years, private<\/p>\n
firms were aggressive in setting up of petrol pumps. However, they slowed down once government control over pricing came back in vogue in 2004-05, and<\/p>\n
they couldn\u2019t compete with subsidised fuel sold by PSUs.<\/p>\n
The government freed petrol price from its control in June 2010 and the same for diesel was done in October 2014, giving fillip to fuel retailing by private firms.<\/p>\n
Pradhan said private players had a market share of 3.5 per cent in petrol sales and 3.1 per cent in diesel in 2015-16. This rose to 5.3 per cent in petrol and 6<\/p>\n
per cent in diesel in the following year.<\/p>\n
In 2017-18, private retailers commanded 6.8 per cent market share in petrol sales and 8.2 per cent in diesel, he said.<\/p>\n
Private retailers sold 5.18 million tonnes of diesel in 2017-18, up from 1.19 million tonnes in 2015-16, he said. Public sector oil marketing companies – IOC,<\/p>\n
Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), saw diesel sales drop from 61.76 million tonnes in 2015-16 to 58.29 million<\/p>\n
tonnes in 2017-18.<\/p>\n
During this period, India\u2019s fuel consumption grew by an average of 3-4 per cent annually.<\/p>\n
Pradhan said, in petrol, PSU sales rose from 20.95 million tonnes in 2015-16 to 22.39 million tonnes in the following year before dropping to 21.99 million<\/p>\n
tonnes in 2017-18. Private retailers, on the other hand, saw petrol sales double – from 767,900 tonnes in 2015-16 to 1.59 million tonnes in 2017-18.<\/p>\n
India had 61,678 petrol pumps as of January. IOC operates the maximum 26,752 pumps, HPCL has 14,853 and BPCL 14,293 pumps.<\/p>\n
In the private sector, Essar had 4,275 petrol pumps while Reliance had 1,400 retail outlets. Shell operates 100 petrol pumps.<\/p>\n
In 2016-17, India\u2019s fuel consumption rose 5.4 per cent to 194.6 million tonnes. Diesel at 76 million tonnes is the most consumed fuel, accounting for close to<\/p>\n
40 per cent of all petrol products used in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi, Private fuel retailers like Rosneft-owned Essar Oil and Reliance Industries have doubled their market share in last three years, capturing close to 7 per cent of petrol sales and over 8 per cent of diesel sales. Oil Minister Dharmendra Pradhan, in a written reply to a question put to him in the Lok […]<\/p>\n","protected":false},"author":1,"featured_media":25442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-25441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/25441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=25441"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/25441\/revisions"}],"predecessor-version":[{"id":25443,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/25441\/revisions\/25443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/25442"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=25441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=25441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=25441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}