India’s fuel demand fell in the first half of March after posting a record growth in the previous month, preliminary industry data showed on Thursday.
Fuel sales soared to the highest levels in February on the back of robust demand from the agriculture sector as well as transport picking up after the winter lull.
March saw the seasonal slowdown kicking in with rise in temperatures.
Petrol sales decreased by 1.4 per cent to 1.22 million tonnes in the first half of March when compared with the same period of last year. Sales fell 0.5 per cent month-on-month, the data showed.
