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

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.

About News Team

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.

Have a tip we should know? tips@rhd.news

Most Read

  1. News
    Pandora Papers Financial Leak Shows Us the Secrets of the World’s Rich and Powerful
    3 years ago
  2. Health
    US Supreme Court Rejects J & J TALC Cancer Case Appeal
    3 years ago
  3. Lifestyle
    9 Habits that Drain your Daily Focus and How to Avoid Them
    3 years ago
  4. BUSINESS
    Women’s Demand for Shapewear – the big Trends
    3 years ago
  5. BUSINESS
    Valentino Launches its Cosmetics Line
    3 years ago
  6. Health
    US Promises to Share 60 million Doses of AstraZeneca Vaccines
    3 years ago
  7. Health
    UK Offers Aid Amid Surging COVID-19 Cases in India
    3 years ago
  8. Sports
    Thousands of fans welcome Charlton funeral cortege at Old Trafford
    8 months ago
  9. News
    Brit left fighting for life after train derails in Argentinia
    8 months ago
  10. BUSINESS
    Dubai faces down airline rivals with $50 bln jet orders
    8 months ago
  11. Sunak
    UK’s Sunak brings back Cameron, sacks Braverman
    8 months ago
  12. Sports
    Man United’s Hojlund, Eriksen withdrawn from Denmark team duty
    8 months ago
  13. Health
    Autumn Sneezing Syndrome is on the rise… here’s what you can do
    8 months ago
  14. Canada
    Canada beat Italy to win Billie Jean King Cup for first time
    8 months ago

Follow @rushhourdaily: