OIL & GAS

India’s diesel sales rise above pre-COVID-19 levels in October – Industry data

India’s gasoil sales rose in October for the first time since the nation imposed COVID-19 restrictions in late March, preliminary data shows, signalling a pick-up in industrial activity ahead of key festivals.

Diesel sales by the country’s three state fuel retailers rose 8.8 per cent year on year in the first half of October, according to provisional data compiled by Indian Oil Corp, the country’s biggest refiner and fuel retailer.

Sales of gasoil, which account for about two fifths of the country’s overall fuel demand, totalled 2.65 million tonnes, up more than 24 per cent from the previous month.

Source
ET Energy World
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