India’s Diesel Sales Drop 4% in Early September Amid Monsoon Impact
Diesel sales, mostly used by trucks and commercial vehicles, reached 2.4 million metric tons, down 4% from August and 12.3% lower than the same period last year. Gasoline sales, used primarily in passenger vehicles, remained flat at 1.23 million tons but dropped 5.1% year-on-year. Monsoon rains also reduced agricultural demand for gasoil-powered irrigation generators.
Indian Oil Corp, Hindustan Petroleum Corp Ltd, and Bharat Petroleum Corp Ltd, which control about 90% of India’s retail fuel outlets, saw a slight 3.3% monthly increase in liquefied petroleum gas (LPG) sales, though sales were down 2.9% from last year. Aviation fuel sales dipped 1.1% from August, reaching 303,600 tons.