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India turns down BP's request to market jet fuel

Mar. 30, 2015 7:43 AM ETBP p.l.c. (BP) StockBP, SHELBy: Carl Surran, SA News Editor6 Comments
  • India rejects a request from BP to be allowed to sell jet fuel to its aviation market, which is dominated by state-run refiners; the oil ministry does not cite a precise reason for the rejection.
  • Consumption of aviation fuel in India could rise sharply as domestic air traffic is estimated to almost triple this decade, with more of India's 1.25B people starting to fly and as airlines connect smaller cities.
  • BP is not the only foreign company interested in India's jet fuel retail business; Royal Dutch Shell (RDS.A, RDS.B) already sells a small volume of jet fuel in a tie-up with a state-run firm.

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