November diesel sales spike 27%, petrol 11% on farm demand boost
NEW DELHI: Consumption of diesel, a bellwether for economic activities, shot up by 27.6% and petrol by 11.7% in November from a year ago, marking the fastest increase since June because of higher demand from the farm sector sector, robust auto sales and expanding factory activity.
Sequential growth in November diesel sales also stood in double digits, with market data showing the three state-run fuel retailers, which serve 90% of the market, selling 17% more than October. The month-on-month increase in petrol sales, however, was more tepid at 1.7%.
Jet fuel sales posted a growth of 21.5% in November from a year ago and a healthy 4% over October as festive travel and state elections added wind to airlines’ sails.
