Petrol sales gather steam, diesel still under water
NEW DELHI: India consumed 3% less diesel in September than a year ago as the fading monsoon strains in several parts of the country dampened demand but the pace of growth in petrol sales gathered steam at 5.4% on record car sales, preliminary industry data show.
Sequentially, however, diesel sales posted a growth of 2.5% and petrol 5.6% over August, indicating the positive underpinnings needed for demand to rebound.
Diesel sales, a key indicator of economic activities, have been in the slow lane since the onset of the monsoon in June.
