{"id":371207,"date":"2020-09-02T10:20:23","date_gmt":"2020-09-02T04:50:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371207"},"modified":"2020-09-02T10:20:23","modified_gmt":"2020-09-02T04:50:23","slug":"indias-slowing-diesel-sales-in-august-points-to-lower-industry-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-slowing-diesel-sales-in-august-points-to-lower-industry-output\/","title":{"rendered":"India&#8217;s slowing diesel sales in August points to lower industry output"},"content":{"rendered":"<p>NEW DELHI : India&#8217;s monthly diesel consumption continued to decline for the second straight month in August, according to preliminary industry data, signalling lower industrial activity.<\/p>\n<p>Diesel consumption accounts for 40% of overall refined fuel sales in India and is one of the key parameters linked to overall economic growth.<\/p>\n<p>Asia&#8217;s third largest economy shrank by a record 23.9% in June quarter. Some private economists forecast a contraction of nearly 10% in 2020\/21, the worst performance since India won independence from British colonial rule in 1947.<\/p>\n<p>State-refiners sold 4.26 million tonnes of diesel in August, a drop of 13% from July and a 22.3% fall from a year earlier, data compiled by Indian Oil Corp (IOC) showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : India&#8217;s monthly diesel consumption continued to decline for the second straight month in August, according to preliminary industry data, signalling lower industrial activity. Diesel consumption accounts for 40% of overall refined fuel sales in India and is one of the key parameters linked to overall economic growth. Asia&#8217;s third largest economy shrank by a record 23.9% in June quarter. Some private economists forecast a contraction of nearly 10% in 2020\/21, the worst performance since India won independence from British colonial rule in 1947. State-refiners sold 4.26 million tonnes of diesel in August, a drop of 13% from [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-371207","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=371207"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371207\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}