Indian state retailers\' May petrol sales fall 36%; diesel down 31%

Indian state retailers' May petrol sales fall 36%; diesel down 31%

In April, petrol sales declined 61% from a year earlier and diesel sales dropped 57% from a year earlier

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Reuters  |  New Delhi 

fuel, petrol, diesel
State companies Indian Oil Corp , Hindustan Petroleum Corp and Bharat Petroleum own about 90% of the retail fuel outlets.

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, 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.

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First Published: Mon, June 01 2020. 12:58 IST