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    Home » Indian state refiners’ daily Dec diesel sales drop m/m – data

    Indian state refiners’ daily Dec diesel sales drop m/m – data

    January 2, 2023
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    *A view of Bharat Petroleum Corporation Ltd refinery is seen in Mumbai REUTERS/Punit Paranjpe/Files.
    New Delhi  -- Indian state fuel retailers' diesel sales in December   
    declined from the previous month as a cold wave in parts of the   
    country curtailed the movement of gasoil guzzling trucks, 
    preliminary sales data showed.
    Fuel demand in India, which is a proxy for oil demand in
    Asia's third-largest economy, typically slows in winters as
    Indians mostly refrain from using diesel for heating, unlike the
    West. 
    State-refiners' average daily gasoil sales in December
    declined 3.7% month-on-month, but were 13% higher from a year
    earlier, the data showed. Gasoil accounts for about two-fifths
    of India's overall fuel demand.
    Indian fuel demand had surged in November due to the festive
    season amid higher personal mobility.
    State retailers' daily gasoline sales in December increased
    0.3% from the previous month and 8.6% from last year, the data
    showed.
    State retailers Indian Oil Corp, Hindustan Petroleum Corp and 
    Bharat Petroleum Corp Ltd own about 90% of the country's 
    retail fuel outlets.

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