Mumbai: India's largest conglomerate Reliance is asking for access to pipelines and storage facilities owned by public sector oil companies to secure a larger portion of the trade at some of Asia's busiest airports.
Reliance produces a substantial share of India's aviation turbine fuel (ATF) and is pushing for access to storage depots and pipelines supplying key airports such as Delhi, Mumbai, Bengaluru, and Hyderabad. These facilities, mostly developed by state-owned companies such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), have long been critical for supplying fuel to airlines.
Reliance's proposal was submitted in response to the Petroleum and Natural Gas Regulatory Board's (PNGRB) draft regulation. The Mukesh Ambani-owned firm believes the change would increase competition and lower fuel costs for airlines.
The company's refineries in Jamnagar already contribute significantly to India's ATF production, a portion of which is exported. However, with domestic demand for ATF experiencing double-digit growth, Reliance sees an opportunity to expand its presence in the market.
At present major airports like Delhi and Mumbai rely significantly on pipelines owned by state-run companies for ATF delivery. Reliance intends to use these infrastructure assets to increase its market share and gain better access to critical aviation fuel facilities.
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