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India Diesel Sales Increase in April but Other Fuels Decline

OIL PRODUCTS

Sales of diesel from state refiners in India, who own over 90% of retail fuel outlets, rose in April but other fuels declined according to Bloomberg.

  • Diesel sales +4.8% m/m to 7.16m tons, +6.7% higher y/y
  • Gasoline sales -0.5% m/m to 2.65m tons, +2.5% y/y
  • Jet fuel sales -3.1% m/m to 596k tons, +15.4% y/y
  • LPG sales -8.1% m/m to 2.19m tons, -2.7% y/y

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