IndianOil registers 8.7% volume growth
New Delhi   01-May-2008
IndianOil sold 58.3 million tones of petroleum products during 2007-08, registering a growth of 8.7 per cent in volumes as compared to the previous year. IndianOil's market share has increased by 1.1 per cent to touch 48.9 per cent in the oil industry. Exports during the year touched 3.3 million tones recording 8.5 per cent growth over last year. Speaking on the occasion, GC Daga, Director-Marketing said, "The spectacular sales growth was achieved despite several constraints, including high international crude oil prices and consequent higher under-recoveries in all frontline products." He added that the volume growth was strongly backed by a range of pioneering initiatives in rural marketing, expansion in retail network, and seamless brand portfolio management besides completion of fast-track infrastructure projects.