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Fuel Sales in India Increase in February

OIL PRODUCTS

Diesel and gasoline sales reported by the top-three Indian state refiners Indian Oil, Bharat Petroleum and Hindustan Petroleum who own 90% of retail fuel outlets increased in February, according to Bloomberg based on company data.

  • Diesel sales by India’s state-run refiners rose by 7.2% on the month to 6.56m with an increase of 0.4% y/y.
  • Gasoline sales increased by 6.2% month on month and 7.2% y/y to 2.75m tons.
  • Jet fuel sales increased by 3.5% m/m and 7.1% y/y to 633k tons.

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