India’s fuel sales recover as lockdown restrictions ease
NEW DELHI: Domestic fuel sales by India’s state refiners recovered in the first half of June, as the world’s third-largest oil consumer started easing lockdown restrictions, though were still lower than year-ago levels, preliminary data showed on Wednesday.
Gasoline sales during June 1-15 jumped 13% and diesel sales rose 12%, compared with the same period last month, data compiled by the state refiners showed.
India’s fuel demand in May slumped to its lowest since last August with a second Covid-19 wave stalling mobility and muting economic activity in the Asian country.
However, the data showed that sales of gasoline fell 3.5% and diesel declined 7.5% in the first half of June, when compared with the same period last year.
