India’s petrol and diesel sales fell in the first fortnight of January as the third wave of the pandemic starts to bite the economy as reflected in dip in workplace mobility and airline traffic.
Sale of diesel, which accounts for about 40 per cent of India’s overall fuel consumption and mirrors industrial activity, fell 14.1 per cent to 2.47 million tonne during January 1-15 when compared with the same period in December and 4.99 per cent from a year ago, preliminary data from state fuel retailers showed.
Diesel sales were down nearly 8 per cent over the January 2020 period.
