Petrol, Diesel Sales Surge Amid Erratic Monsoon Rains, LPG Demand Shifts Towards Piped Gas
New Delhi: Petrol and diesel sales by India's three state-run fuel retailers surged in August as erratic monsoon rainfall boosted fuel demand from farmers and motorists, preliminary industry sales data showed on Tuesday. Petrol sales by Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) soared 9.1 per cent to 3.48 million tonnes in August, compared…
In August, petrol and diesel sales by India's three state-run fuel retailers surged as erratic monsoon rainfall increased demand from farmers and motorists, preliminary industry sales data revealed on Tuesday. Petrol sales by Indian Oil Corp, Bharat Petroleum Corp Ltd, and Hindustan Petroleum Corp Ltd rose 9.1% to 3.48 million tonnes, up from 3.19 million tonnes in the same period last year.
Diesel sales, a key indicator of economic activity, increased 10.2% year-on-year to 6.27 million tonnes. Liquefied petroleum gas (LPG) sales, however, fell 16.1% to 2.42 million tonnes. The decline in LPG demand was largely due to the shift to piped natural gas since the West Asia crisis disrupted supplies.
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