Private jet fuel suppliers have significantly outpaced state-run companies in sales growth this fiscal year, achieving a 63% rise compared to the public sector’s 5.5%. Their market share has grown to nearly 12%, driven by aggressive marketing and expanded supply networks.
Private jet fuel suppliers have grown their sales at 63% this fiscal year compared to state-run companies' 5.5% and grabbed nearly 12% market share, aided by an aggressive marketing and supply network expansion.
ET Year-end Special Reads Corporate Kalesh: Top family disputes of India Inc in 2024 The world of business lost these eminent people in 2024 Fast, faster, fastest: How 2024 put more speed into your shopping RIL-BP and Shell-MRPL , the two private sector JVs engaged in aviation fuel marketing , recorded sales growth of 76.6% and 41.6% respectively in April-November, according to industry data.
RIL-BP's market share expanded to 7.7% in April-November from 4.8% a year earlier.
Shell-MRPL's share expanded to 3.9% from 3%. Their combined share increased to 11.6% from 7.8%. As a result, the combined share of state-run companies has shrunk to 88.4% from 92.2%. Their combined sales have grown only 5.5% this fiscal year compared to the industry average of 10%. India exports half the jet fuel it produces in its refineries, with private refiners being the main exporters.
Domestic markets are more attractive to serve than the export market, which encourages private players to push hard and challenge PSUs' dominance.
Regulatory changes over the years have helped the private sector expand, an industry executive said.
Open access at most airports allows private players to use infrastructure built by state firms for a fee. They use aggressive marketing techniques to attract airlines, he added.
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Both private operators are, however, present at all major airports in the country and have access to the most lucrative clients, the executive cited earlier said.
RIL-BP network is supplied by RIL's refinery in Gujarat and Shell's network by the MRPL refinery in Karnataka.
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