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India Diesel Sales Decline in First Half of March

OIL PRODUCTS

Sales of diesel from state refiners in India, who own over 90% of retail fuel outlets, fell 4.6% in the first half of March according to Bloomberg.

  • Diesel sales -4.6% m/m to 3.2m tons, -10.2% higher y/y
  • Gasoline sales -0.5% m/m to 1.2m tons, -1.4% y/y
  • Jet fuel sales -0.1% m/m to 295k tons, +19.2% y/y
  • LPG sales -15.1% m/m to 1.2m tons, -9.7% y/y

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