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India’s Gasoline Demand To Recover End-August, Diesel To Remain Weak: HPCL

OIL PRODUCTS

India's gasoline demand will likely recover from late August, while diesel consumption is expected to stay weak, an official from HPCL said.

  • The local sale of diesel by private refiners is also denting sales by state-run companies, the official said.
  • Indian state fuel retailers’ gasoil and gasoline sales during 1-16 July declined compared with the same period a month earlier.
  • Gasoil sales fell by 19.7% to around 2.96mn tons in July vs June. Daily gasoline sales declined by 10.8% in July vs June to around 1.26mn tons.

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