<p>
Public sector oil marketing companies Indian Oil, Hindustan Petroleum and privation bound Bharat Petroleum remained active in the country&#39;s oil market in 2020 even though the pandemic and lockdown severely dented demand for petroleum products.</p>
<p>
Even with petrol and diesel sales remaining below the pre-Covid levels in the last part of 2020, the PSU oil companies continued to invest in expanding their retail outlets with the three adding 5482 retail outlets in the 10-month period of FY21 up to January end 2021.</p>
<p>
The private sector on the other hand remained mute on their marketing initiatives adding a mere 376 fuel outlets.</p>
<p>
Among the PSUs, IOC added 2147, BPCL – 1,792 and HPCL – 1543 retail outlets in the April-January period of FY21.</p>
<p>
According to a report by Emkay Global Financial Services, retail outlets&#39; market share increase has been the highest for BPCL followed by HPCL, though IOCL and others saw a decline yoy. RIL added only 12 new outlets, while Nayara added 298 during the April to January period.</p>
<p>
BPCL also maintained the lead in retail outlet petrol throughput: the company&#39;s petrol throughput per retail outlet (RO), a key efficiency indicator, was 56.2kl/month in Q3FY21 vs 52.4 for HPCL and 49.5/48.3 for IOCL/others.</p>
<p>
For diesel, the brokerage said, it cannot be properly ascertained due to the lack of proper bulk-direct sales data company wise. Players like RIL have reported much higher overall throughput/RO, though diesel has a B2B character, which can be utilized to push higher volumes. BPCL, nevertheless, has reported a total throughput/RO of 170kl/month in FY20 vs 147/152/154 for IOCL/HPCL/industry.</p>
<p>
Based on Q3FY21 reported figures, IOCL&#39;s market share in petrol fell from 40.4% to 40.0% yoy and in diesel (incl bulk), it declined from 43.7% to 42.6%. Total volume market share also fell from 39.9% to 39.5%. Meanwhile, BPCL, HPCL and private/others gained in auto fuels. The total market share of BPCL/HPCL improved by 35bps/68bps, though private/others lost 62bps. IOCL&#39;s diesel market share improved by 64bps qoq from 41.9% in Q2.</p>
<p>
<em>(IANS)</em></p>
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