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Indian Gasoil Demand Rises Start of June

OIL PRODUCTS

Indian state-controlled retailers sold 3.4 million tonnes of gasoil from June 1 to 14, up 47.8% from the same period a year earlier and 12% from the same period last month, preliminary data from the Ministry of Petroleum & Natural Gas showed. Sales of gasoline were 1.28 million tonnes, up 54.2% year-over-year.

  • "The increase in demand (for gasoil) has been on account of the seasonal surge in demand due to agricultural activities, (and) bulk buyers having shifted their purchases to retail outlets," the ministry said in a statement.


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