Diesel sales by the country’s state fuel retailers stood at 2.87 million tonnes during December 1-15, according to data compiled by the state-owned refiner.
India’s diesel sales in the first half of December rose from November and compared to the same period last year, preliminary sales data showed on Thursday, reflecting a pick-up in industrial activity in the world’s third-largest oil consumer.
Diesel sales by the country’s state fuel retailers stood at 2.87 million tonnes during December 1-15, data compiled by the state-owned refiner showed, up 17.9% from the same period in November and a year ago. 3.3% higher. However, sales were down 1.68% in 2019 compared to the same period.
State retailers Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp Ltd own nearly 90% of the country’s retail fuel outlets.
Petrol sales remained above pre-COVID-19 levels during this period
Diesel sales, which account for about two-fifths of India’s total refined fuel consumption, are directly linked to industrial activity in Asia’s third-largest economy.
According to a survey by IHS Markit’s Purchasing Managers’ Index, India’s manufacturing activity grew at the fastest pace in 10 months in November, driven by a sharp jump in demand.
Petrol sales remained above pre-COVID-19 levels during this period as people continued to prefer using private vehicles over public transport for safety reasons.
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Sales stood at 1.12 million tonnes, up 16.2% from the same period in 2019, 6.9% higher than in November and 5.9% higher than a year ago, the data showed.
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