Nayara, Jio-BP sells fuel at a discount; the state-owned OMC loses market share

New Delhi: Private fuel retailers are reducing prices and falling into the market share of its public sector, and use cheaper Russian crude oil as customers. Since March 2024, the government owned by the government (OMC), which has occupied fuel retail in India, has not touched the price Bleak5 in some areas.

In addition to the retail price reduction, private fuel sellers also provide a large number of discounts for purchasing gasoline and diesel. The dealer of the OMCS operating pump said that the rejection provided by the private refinery has eroded the market share (IOCL) of India Petroleum Corporation (IOCL), India Stan Petroleum Corporation (HPCL) and Bharat Petroleum Corp. Several levels of references have become the leaders who dominate.

“The most affected country is Gujarat, Mahara Shitra and North Pradesh. Reliance (JIO-BP) began at the Happy Time Plan, providing discounts in it Bleak5 liters per liter in a certain period of time, and then a similar proposal of Nayara. However, this is limited to some pockets and retail stores. Therefore, on average, the discounts of retail chain may appear BleakNischal Singhania, chairman of the Delhi Gasoline Dealer Association (DPDA). BleakGasoline discount 3 in October.

Send to Nayara, Reliance Industries, Shell, INDIANOIL, BPCL and HPCL queries have not been answered until the time of time.

Fuel discount

Nayara also joined. On Monday, the company was held by Russian oil giant Rosneft and announced discounts BleakIn the case of value purchase, per liter of gasoline and diesel 5 Bleak1,000. “In Nayara Energy, we are not only cheering for your water tank; we are full of guarantee savings for your day. Fuel is worth it Bleak1000, start BleakIt says in Instagram’s post.

Singhania added that private companies may be able to provide fuel at discounts due to cheaper crude oil. The Indian refinery of private and public sector companies has been purchasing cheaper oil from Russia. Both Reliance Industries and Nayara have long -term transactions to import Russian oil. According to a Reuters report, Reliance Industries, which operates a large refinery in Jamnagar, signed a regular agreement in December in December, supplying nearly 500,000 barrels of crude oil from Rose Province every day for 10 years.

“Gujarat is the most affected by discounts. Reliance and Nayara have a refinery in the state, and it can supply fuels for pumps in the state without causing high transportation costs. The discount has been in about six months, but since September, it has been in In the past four months, this impact is the most.

“The government owns OMC pumps in market share, quantity sales, profitability and customers’ large losses. As a loyal dealer with a solid relationship with PSU Petroleum Company, we are worried,” Thakker said. “This is a shocking situation that needs to be resolved urgently.”

In cities such as Gujarat, such as Ahmedab ​​Ad and Vadodara, the fuel pump of the public sector company is witnessing serious influence, and customers have turned to pumps in private refineries. Essence State -owned Indian oil has the largest 2,100 fuel pump network in Gujarat, followed by BPCL, HPCL and Nayara, and their pumps are about 1,600 pumps. Jio-BP has 150 retail fuel channels in the state.

Data from the industry sources show that in the first six months of Gragillat, the public sector OMC has witnessed the 2.4 percentage point of the gasoline market share from 77.5 % in the same period last year to 75.1 %. The market share of private refineries has increased by 2.4 percentage points, from 22.5 % to 24.9 %.

Contraction sharing

Similarly, as far as diesel is concerned, the market share of private refineries has increased from 20.4 % of the previous fiscal year to 23.2 %, but the market share of the state -owned OMC has been reduced by 2.8 %, from 79.6 % last year to 76.8 %.

During the period from April to December, retail gasoline sales of Gujarat’s private refinery have witnessed 18.5 % from 720,000 kg of 720,000 kg of 607,000 kilograms of 607,000 kilograms. During the same period, the sales of retail gasoline sold from the public sector increased by only 3.7 % in the state to 2,173,000 million liters. On the other hand, the sales of diesel pumps in PSU fuel pump decreased by 2.9 % year -on -year, while sales of private sector increased by 14.5 %. From April to December, PSU Petroleum Corporation’s retail diesel sales were 4,296,000 million liters, and the sales of private oil refineries were 1,296,000 million liters.

The price reduction was impacted in Rajast Tanzhong. In Rajastan, there is a large existence of private fuel retailers. Former Chairman of the Rajast Tanbang Petroleum Dealers Suneet Bagai said: “They are becoming a dominant player in the field of their operations. Their sales growth is three times that of the PSU pump. Several pumps are witnessing their fuel sales decline. “

India has more than 90,000 gasoline pumps, and public sector companies have the largest market. Nayara (Nayara) has the largest retail network of about 6,500 pumps and plans to increase 400 times this year. There are three major private refineries in India-Nayara, Jio-BP and Shell.

In the past two years, the public sector company has only reduced the price BleakFebruary 2nd before the Lok Sabha election in 2024. The previous reduction was in November 2022, when the government reduced consumption tax.

Stagnation

Although the price of international crude oil rose to high prices in 2022 during the Russian-Ukraine War, it subsequently fell to about $ 70 per barrel, but the price has been stagnant in the past three years. At present, Brent crude oil is traded at a price of $ 77 per barrel, while the discount of Russian crude oil is $ 2.5-4 per barrel, which is less than $ 30 at the discount when the Ukrainian war broke out.

Although the private sector still has a small part of the country’s retail fuel network, as the Indian petroleum market grows in the next few years, although the global expectation will slow, their growth is of great significance. As global demand is gradually decreasing, this makes the refinery have a favorable opportunity. According to the data of the petroleum plan and the analysis of cells, India’s oil product demand is still strong, with a consumption of 252.9 million tons, in fiscal year 26. This is expected to be 241.8 million tons of 241.8 million tons than the main transportation fuel gasoline and diesel -driven. It is expected that the demand for gasoline will be expected to be 2.68 million tons from expected to 2.68 million tons, with an estimated 2.6 million tons, an increase of 6.64 %. Diesel consumption is expected to be 91.12 million tons, a 2.77 % higher than the estimated 91.57 million tons in fiscal 25.