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Auto LPG registers about 5% growth in sales

Auto LPG is a clean automotive fuel, which is much cheaper than petrol, diesel and comparable to CNG

Shine Jacob  |  New Delhi 

The auto LPG sector in India closed the fiscal year 2016-17 with an encouraging sales growth of 4.9 per cent over the last fiscal, owing to a drop in prices. Meanwhile, the sales volume growth was about 8.18 per cent in March 2017 as against March 2016. The auto LPG sales in India grew to 346 TMT in 2016-17 as against 330 TMT in 2015-16. The factors that helped the industry to achieve this growth are the reduction in auto LPG price by leading oil companies such as Indian Oil, HPCL, and BPCL since October 2016 making the fuel about 50 per cent cheaper than petrol. Following this, ...

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First Published: Wed, May 03 2017. 00:19 IST
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