Petrol sales rebound on festival season, diesel demand continues to drop
festive season but diesel sales were down 3.3 per cent, preliminary data of state-owned firms showed on Friday. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, rose to 3.1 million tonnes during October when compared to 2.87 million tonnes of consumption in the same month last year.
Diesel demand dropped 3.3 per cent to 6.7 million tonnes.
While petrol sales were up mostly due to an increase in use of personal vehicles as the festive season kicked in, diesel demand dropped due to lower demand from the agriculture sector owing to the extended rainy season.
Petrol and diesel sales have been tepid during the last few months as monsoon rains reduced vehicular movement and demand for the agriculture sector.
Month-on-month petrol sales were up 7.8 per cent when compared to 2.86 million tonnes of consumption in September. Diesel demand was however almost 20 per cent more than 5.59 million tonnes of consumption in September.
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