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The Economic Times

Economy / The Economic Times

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Nayara, Shell cede market share in April; RIL-BP gains ground

Private fuel sellers Nayara Energy and Shell saw sales drop significantly in April. They increased prices after the Iran war began. Consumers shifted to state-run companies that kept prices steady. This caused market share losses for Nayara and Shell. RIL-BP however reported strong sales growth. Localized fuel shortages occurred as demand moved to neighboring stations.

21 May 2026 1:12 am