India’s gasoil gross sales bounce in April first half

Indian state refiners posted an 8.4% rise in gross sales of gasoil to three.45 million tonnes within the first half of April in contrast with the identical interval final month, preliminary gross sales knowledge confirmed, indicating larger demand from the agriculture sector and a restoration in industrial exercise.

Gasoil accounts for about two-fifths of refined gas consumption in India and is immediately linked to industrial exercise.

Whereas gasoil is principally utilized by vehicles, gasoline is utilized in passenger automobiles. Gross sales of gasoline fell 6.6% to 1.14 million tonnes throughout the interval, the information confirmed.

Gross sales of liquefied petroleum fuel (LPG) additionally declined greater than 6% to 1.1 million tonnes in the identical interval, and jet gas gross sales had been down almost 4% at 284,600 tonnes, the information confirmed.

State-run corporations – Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum – personal about 90% of India’s retail gas retailers.

This story has been printed from a wire company feed with out modifications to the textual content.

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Up to date: 17 Apr 2023, 09:59 AM IST