Business Standard

Sunday, December 22, 2024 | 01:44 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

India's gasoline demand likely to recover from late August: HPCL official

The local sale of diesel by private refiners is also denting sales by state-run companies, the official said

oil

Representative Image (Photo: Bloomberg)

Reuters NEW DELHI

Listen to This Article

NEW DELHI (Reuters) - India's gasoline demand will likely recover from late August, while diesel consumption is expected to stay weak, an official at refiner Hindustan Petroleum Corp Ltd (HPCL) said on Monday.

The local sale of diesel by private refiners is also denting sales by state-run companies, the official said.

The official did not wish to be named as he was not authorised to speak to media.

Daily gasoline sales by the three state-run retailers, which also includes Indian Oil Corp and Bharat Petroleum during July 1-16 were down by 10.8% month-on-month, preliminary data showed.

 

(Reporting by Nidhi Verma in New Delhi; Editing by Savio D'Souza)

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 17 2023 | 7:30 PM IST

Explore News