New Delhi: Fuel sales recovery gathered momentum in May as the easing of lockdown brought more people out of their homes and restarted factories.
Diesel sales fell 31% year on year in May compared with a 56% slump in April while petrol consumption declined 36.5% in May as against a 60% decline in April. May data is for sales by state companies, which control about 90% of the fuel market.
Fuel sales witnessed a record fall in April and the gradual comeback in May signals a change in economic sentiment.
