Diesel sale clocks 6.1% growth; first time since Covid-19 induced lockdown
Diesel sales in India clocked the first year-on-year gain since February as annual festivals boosted demand for the country’s most-consumed fuel.
Sales at India’s top three fuel retailers rose 6.1% from a year earlier last month to 5.76 million tons, according to officials with direct knowledge of the data.
The nation’s two main festivals — Dusshera and Diwali — started mid-October and celebrations will extend for more than a month. This is the peak demand season and, as a result, a busy time for diesel-guzzling trucks hitting the roads to deliver everything from clothes to refrigerators. Crop harvesting activities also boosted consumption for the industrial fuel.
