Fuel sales gather pace in February fortnight after January slump
NEW DELHI: In an indication of fuel sales gathering pace in line with an uptick in industrial activity, diesel consumption in the first fortnight of February was 9% higher than January, when sales had shrunk 5% from the month before.
Similarly, petrol sales also reversed last month’s trend to post a monthly gain of 4.2% in the period under consideration. Consumption had dropped more than 3% in January from a month ago. But compared to a year ago, sales were down 2.4%.
But diesel consumption still remained about 9% and petrol 2.4% lower than the year-ago period, market data showed on Tuesday.
