Market share of private fuel retailers falls 50-80% in a year
The big and sudden shift in demand from the pumps of private players to public companies caused great inconvenience to customers in some places during the summer while adding to the losses state companies were already incurring due to the retail price freeze. Indian OilNSE 2.24 %, Bharat Petroleum and Hindustan PetroleumNSE 3.88 %, the state-run retailers, have reported a combined loss of Rs 18,500 crore in the April-June quarter. Private…
