NEW DELHI: The pace of growth in India’s fuel consumption faltered in June as monsoon advanced through most parts of the country and holiday season tapered off, muting demand from the farm, construction and travel sectors after two months of sharp uptick.
Preliminary industry data shows diesel demand — a key indicator of economic activity — slipping into the red, with sales dropping 3.7% from a year ago.
But petrol consumption grew by about the same margin, buoyed by the concluding strains of holiday travel and people’s continued preference for personal vehicles.
