The three oil majors recorded a slight decline in their combined share of the local fuel market, bucking a trend where they have been deepening their control and squeezing small dealers.
Industry data from the Energy and Petroleum Regulatory Authority (Epra) shows that the combined market share of Vivo Energy, TotalEnergies Marketing and Rubis controlled half of the sector as of December, a drop of 1.04 percentage points six months earlier.