India’s gasoline demand likely to recover from late August


*Fuel dispenser pump

New Delhi — India’s gasoline demand will likely recover from late August, while diesel consumption is expected to stay weak, an official at refiner Hindustan Petroleum Corp Ltd (HPCL) said on Monday.

The local sale of diesel by private refiners is also denting sales by state-run companies, the official said.

The official did not wish to be named as he was not authorised to speak to media.

Daily gasoline sales by the three state-run retailers, which also includes Indian Oil Corp and Bharat Petroleum during July 1-16 were down by 10.8% month-on-month, preliminary data showed.

Reporting by Nidhi Verma in New Delhi; Editing by Savio D’Souza – Reuters

Follow us on twitter





This article was originally posted at sweetcrudereports.com

News  YEAC demands investigation into Okrika petrol fire incident

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.