India state retailers’ gasoil, gasoline sales flat in June m/m

India state retailers’ gasoil, gasoline sales flat in June m/m

Preliminary data showed that Indian state fuel retailers’ gasoil and gasoline sales in June remained relatively unchanged compared to the previous month. This was attributed to a decrease in travel as the heat wave in May transitioned into monsoon rains.

According to the data, daily sales of gasoil saw a slight increase of 0.4% in June, reaching 7.12 million metric tonnes compared to May.

During the four-month monsoon season, which begins in June, fuel demand in India typically declines. This is because heavy floods affect certain parts of the country, leading to reduced consumption. Additionally, the agriculture sector experiences decreased demand due to lower irrigation requirements.

Gasoil plays a significant role in India’s overall refined fuel consumption, accounting for about two-fifths of the total. Its consumption is directly linked to industrial activity in the country, which is the third-largest economy in Asia.

The data also revealed that state fuel retailers’ daily gasoline sales remained steady at nearly 2.90 million tonnes.

Indian Oil Corp (IOC.NS), Hindustan Petroleum Corp (HPCL.NS), and Bharat Petroleum (BPCL.NS) are the state-run retailers and refiners that collectively own approximately 90% of India’s retail fuel outlets.

Below is a table presenting the preliminary daily fuel sales data of Indian state refiners, with volumes measured in thousand tonnes.

Reporting by Shivangi Acharya and Nidhi Verma in New Delhi, Editing by Simon Cameron-Moore

Our Standards: The Thomson RushHourDaily Trust Principles.

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Hi, I'm Alex Perez, an experienced writer with a focus on lifestyle and culture news. From food and fashion to travel and entertainment, I love exploring the latest trends and sharing my insights with readers. I also have a strong interest in world news and business, and enjoy covering breaking stories and events.

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