{"id":583828,"date":"2023-06-12T11:15:58","date_gmt":"2023-06-12T05:45:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=583828"},"modified":"2023-06-12T12:37:13","modified_gmt":"2023-06-12T07:07:13","slug":"record-sales-of-transport-fuels-in-india-point-to-strong-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/record-sales-of-transport-fuels-in-india-point-to-strong-demand\/","title":{"rendered":"Record sales of transport fuels in India point to strong demand"},"content":{"rendered":"<p>Indian sales of diesel and gasoline surged to records in May, in a rare bullish sign for global oil markets.<\/p>\n<p>Diesel sales in the world\u2019s third-biggest crude importer rose 13% last month from a year earlier, according to government data. Gasoline was up 11%, while overall consumption, which also includes fuels such as liquefied petroleum gas and naphtha, increased 9%. <\/p>\n<p>The strong sales came after the Indian economy beat expectations to expand by 6.1% in the quarter through March, although growth is expected to slow through the rest of this year. The uptick in buying will also be a fillip for India\u2019s state-run fuel retailers, who have kept diesel and gasoline prices unchanged since April last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian sales of diesel and gasoline surged to records in May, in a rare bullish sign for global oil markets. Diesel sales in the world\u2019s third-biggest crude importer rose 13% last month from a year earlier, according to government data. Gasoline was up 11%, while overall consumption, which also includes fuels such as liquefied petroleum gas and naphtha, increased 9%. The strong sales came after the Indian economy beat expectations to expand by 6.1% in the quarter through March, although growth is expected to slow through the rest of this year. The uptick in buying will also be a fillip [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-583828","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583828","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=583828"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583828\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=583828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=583828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=583828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}