Oil, petrol sales of state retailers decline in July amid heavy rains
Indian state fuel retailers’ gasoil and gasoline sales during July 1-16 declined from the same period in the previous month, preliminary data showed, as widespread heavy rain upended travel demand.
Daily sales of gasoil fell by 19.7per cent to about 2.96 million metric tons in July compared with June, the data showed.
Fuel demand in the world’s third-biggest oil importer and consumer typically drops during the four-month monsoon season that begins in June as parts of the country are hit by heavy floods.
