Indian State Retailers' May Petrol Sales Fall 36%; Diesel Down 31%
State companies Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum own about 90% of the retail fuel outlets in the country.
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Petrol sales in May by Indian state fuel retailer fell 36% from a year earlier, while diesel sales dropped 31%, provisional data obtained from two industry sources on Monday showed, demonstrating a recovery in fuel demand.
In April, petrol sales declined 61% from a year earlier and diesel sales dropped 57% from a year earlier.
State companies Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum own about 90% of the retail fuel outlets in the country.
The sources who provided the provisional industry data asked not to be identified citing confidentiality.
(Reuters)