India’s August diesel demand slumps due to monsoon rains

NEW DELHI: Gasoil sales by Indian state retailers in August fell from a month earlier as monsoon rains restricted mobility while high inflation curtailed overall demand for goods, preliminary sales data shows.
Fuel demand in India, the world’s third biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are hit by heavy floods.
Gasoil demand in August fell 4.9% from July to 6.12 million tonnes while gasoline demand rose 5.8% to 2.82 million tonnes, the data showed.