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Expansion▲ Bullish for Indian Oil
Indian Oil plans to launch packaged drinking water under own brand across 43,000 fuel outlets
The brief
- Indian Oil plans packaged drinking water sales across 43,000 fuel outlets
- The plan uses a multi-year, aggregator-led revenue-sharing model to grow non-fuel revenue
- A new non-fuel revenue stream may benefit Indian Oil’s earnings mix
- Indian shares to open near six-month lows as oil prices rise
- Nifty slides to six-month low as US-Iran deal hopes fade, oil tops $100 a barrel
- India has more than 80 days fuel reserves: Hardeep Singh Puri
- Puri says India has insulated consumers from global crude supply disruptions
- Indian refiners buy costly West Asian barrels as Russian supply narrows