India's gasoil sales jump in April first half

1 min read 17 Apr 2023, 09:59 AM IST Join us

Reuters

India's gasoil sales showed a 8.4% rise in the first part of April compared to the same period last month

While gasoil is mainly used by trucks, gasoline is used in passenger vehicles. (AFP) — While gasoil is mainly used by trucks, gasoline is used in passenger vehicles. **(AFP)**

Indian state refiners posted an 8.4% rise in sales of gasoil to 3.45 million tonnes in the first half of April compared with the same period last month, preliminary sales data showed, indicating higher demand from the agriculture sector and a recovery in industrial activity.

Gasoil accounts for about two-fifths of refined fuel consumption in India and is directly linked to industrial activity.

While gasoil is mainly used by trucks, gasoline is used in passenger vehicles. Sales of gasoline fell 6.6% to 1.14 million tonnes during the period, the data showed.

Sales of liquefied petroleum gas (LPG) also declined more than 6% to 1.1 million tonnes in the same period, and jet fuel sales were down nearly 4% at 284,600 tonnes, the data showed.

State-run companies - Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum - own about 90% of India's retail fuel outlets.

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This story has been published from a wire agency feed without modifications to the text.