New Cars and Bikes in India

India's October Petrol, Diesel Sales Exceed Pre-Coronavirus Levels

Petrol sales rose 4% from a year earlier to about 2.4 million tonnes, about 8.6% higher than September, while India's diesel consumption in October rose 6.6% from a year earlier, the first such increase since COVID-19 restrictions were imposed in late March.

IOC hopes to operate refineries at full capacity in a couple of months, up from 95% now expand View Photos
IOC hopes to operate refineries at full capacity in a couple of months, up from 95% now

Highlights

  • India's diesel consumption in October rose 6.6%
  • Petrol sales rose 4% from a year earlier to about 2.4 million tonnes
  • Rising petrol and diesel demand in India should also aid other markets

India's diesel 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.

Sales of diesel, 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.

dgg7ebu

Diesel sales by the country's three state fuel retailers totalled 6.17 million tonnes in October

Newsbeep

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 petrol and diesel demand in India should also aid other markets hit by slow demand recovery.

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

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

sg730in

Petrol sales rose 4% from a year earlier to about 2.4 million tonnes, about 8.6% higher than September

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.

0 Comments

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

For the latest auto news and reviews, follow carandbike.com on Twitter, Facebook, and subscribe to our YouTube channel.

You might be interested in

New Car Models

BMW 2 Series Gran Coupe

Sedan, 19 Kmpl
BMW 2 Series Gran Coupe
Price Starts
₹ 39.3 - 41.4 Lakh
EMI Starts
₹ 81,580 9% / 5 yrs

Land Rover Defender

SUV, 14 Kmpl
Land Rover Defender
Price Starts
₹ 73.98 - 90.46 Lakh
EMI Starts
₹ 1,53,570 9% / 5 yrs

MG Gloster

SUV, 12.35 Kmpl
MG Gloster
Price Starts
₹ 28.98 - 35.38 Lakh
EMI Starts
₹ 60,158 9% / 5 yrs

Mercedes-Benz EQC

SUV, 471 Km/Full Charge
Mercedes-Benz EQC
Price Starts
₹ 1 Crore
EMI Starts
₹ 2,06,130 9% / 5 yrs

New Mahindra Thar 2020

SUV, 13 - 15.2 Kmpl
New Mahindra Thar 2020
Price Starts
₹ 9.8 - 13.75 Lakh
EMI Starts
₹ 20,343 9% / 5 yrs

Toyota Urban Cruiser

SUV, 17.03 - 18.76 Kmpl
Toyota Urban Cruiser
Price Starts
₹ 8.4 - 11.3 Lakh
EMI Starts
₹ 17,437 9% / 5 yrs

Kia Sonet

SUV, 18.2 - 24.1 Kmpl
Kia Sonet
Price Starts
₹ 6.71 - 11.99 Lakh
EMI Starts
₹ 13,929 9% / 5 yrs

Audi RS Q8

SUV, 8.2 Kmpl
Audi RS Q8
Price Starts
₹ 2.07 Crore
EMI Starts
₹ 4,29,698 9% / 5 yrs
Be the first one to comment
Thanks for the comments.