Indian state retailers’ sales of gasoline fell in the first half of June from the same period last month as well as a year earlier, preliminary sales data showed, as a heat wave curtailed mobility.
Sales of gasoline, used in passenger vehicles and two-wheelers, fell 3.8% to 1.31 million tonnes in the first half of June from the same period a month ago, the data showed.
However, sales of gasoil, mainly used by trucks, rose 3.4% to 3.43 million tonnes, according to the data.
Gasoil accounts for about two-fifths of refined fuel consumption in India and is directly linked to industrial activity.
State-run companies – Indian Oil Corp IOC.NS, Hindustan Petroleum Corp HPCL.NS and Bharat Petroleum BPCL.NS – own about 90% of India’s retail fuel outlets.
Recent Posts
Ammonia
Azane Unveils New Subsidiary to Drive Ammonia Bunkering Development Oslo, Norway
Fuels Heavy oils
Public sector carbon emissions fall to 3.7 mn tonnes in Singapore
Fuels Heavy oils
UltraTech Cement targets to achieve 85% green energy
Fuels LNG
JCB unveils hydrogen combustion technology