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State refiners post 8.4% rise in gasoil to 3.45 mn tonnes in April 1st half

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

Oil prices at 3-week low as rising output risks Opec-led output cuts

Reuters NEW DELHI

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NEW DELHI (Reuters) - 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.
Below is a table of India's preliminary fuel sales data with volumes in thousand tonnes.
Refined fuels April 1-15 March 1-15 %Chg %Chg vs
yr/yr 2021
Gasoline 1144.5 1225.7 -6.6 14.6
Gasoil 3456 3188.6 8.4 24.3
Jet Fuel 284.6 295.8 -3.79 35
Liquefied 1107.4 1182.8 -6.37 7
Petroleum Gas
 
(Reporting by Nidhi Verma and Mohi Narayan; Editing by Edmund Klamann and Rashmi Aich)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Apr 17 2023 | 10:52 AM IST

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