India's October gasoline, gasoil sales exceed pre-coronavirus levels

Diesel sales by the country's three state fuel retailers totalled 6.17 million tonnes in October, according to provisional data compiled by Indian Oil
...
File photo of a gasoline pump used for representational purpose only (REUTERS)
File photo of a gasoline pump used for representational purpose only

India's gasoil consumption in October rose 6.6% from a year earlier, the first such increase since Covid-19 restrictions were imposed in late March, preliminary data showed on Sunday, signalling a pick-up in industrial activity.

Diesel sales by the country's three state fuel retailers totalled 6.17 million tonnes in October, according to provisional data compiled by Indian Oil Corp (IOC), the country's biggest refiner and fuel retailer.

Also check these Vehicles

Find more Cars
Benling India Believe (HT Auto photo)
BatteryCapacity Icon3.2 kWh Range Icon120 km
₹ 1.26 Lakhs
Compare
Benling India Benling Kriti (HT Auto photo)
Range Icon60 km/charge
₹ 56,940 - 66,121
Compare
View Offers
Benling India Benling Aura (HT Auto photo)
Range Icon120 Km/charge
₹73,000
Compare
Benling India Benling Falcon (HT Auto photo)
Range Icon75 km/charge
₹ 62,200 - 71,248
Compare
View Offers
Hcd India Nps Cargo (HT Auto photo)
Range Icon70 km/charge
₹ 54,500 - 58,500
Compare
View Offers
Kinetic Green Flex (HT Auto photo)
BatteryCapacity Icon3 kWh Range Icon120 km
₹ 1.10 Lakhs
Compare

Sales of gasoil, which account for about two-fifths of India's fuel demand, rose 27.5% from September.

Rising diesel sales in the world's third-biggest oil consumer and importer should help refiners, who had to cut crude-processing runs during the coronavirus crisis.

Also Read : India oil refiners increase run rates ahead of festival boost

IOC hopes to operate refineries at full capacity in a couple of months, up from 95% now, as local fuel demand is rising, company chairman S.M. Vaidya said on Friday.

Rising gasoline and gasoil demand in India should also aid other markets hit by slow demand recovery.

Local gasoline sales in October rose above pre-pandemic levels for a second month in a row.

Also Read : Oil set for worst month since March as coronavirus revival cuts travel)

Gasoline sales rose 4% from a year earlier to about 2.4 million tonnes, about 8.6% higher than September, the data showed.

State companies IOC, Hindustan Petroleum Corp and Bharat Petroleum own about 90% of India's retail fuel outlets.

State retailers sold 3.8% more cooking gas in October than a year ago, at about 2.44 million tonnes, while jet fuel sales halved to 328,000 tonnes.

Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 01 Nov 2020, 17:26 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.