NEW DELHI (Reuters) -Indian state fuel retailers’ gasoil sales rose in April from the previous month, preliminary sales data showed, indicating a pick up in economic activity.
Daily sales of gasoil rose by 4.8% to 238,500 tonnes in April compared with March, the data showed.
Gasoil accounts for about two-fifths of refined fuel consumption in India and is directly linked to industrial activity
India’s factory activity expanded at its quickest pace in more than four months in April to 57.2, driven by solid growth in new orders and output, the Manufacturing Purchasing Managers’ Index compiled by S&P Global showed on Monday.
