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 greater 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 in the course of the interval, the info confirmed.
Gross sales of liquefied petroleum gasoline (LPG) additionally declined greater than 6% to 1.1 million tonnes in the identical interval, and jet gas gross sales have been down almost 4% at 284,600 tonnes, the info confirmed.
State-run firms – 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
Supply: Live Mint