State fuel retailers log July petrol and diesel growth as LPG sales fall 17.4%
IOC, BPCL and HPCL recorded strong year-on-year fuel demand in July, with petrol sales up 9.7% to 3.45 million tonnes and diesel up 10.7% to 7.12 million tonnes. LPG sales fell to 2.37 million tonnes as commercial and industrial demand shifted toward piped gas.
IOC, BPCL and HPCL reported sharp July petrol and diesel sales growth as weak monsoon rains increased irrigation and transport demand. LPG sales fell as commercial and industrial consumers shifted to piped natural gas following West Asia supply disruptions.
Why this matters
The July gains extend state retailers' reported 9.7% petrol and 10.7% diesel demand growth, while LPG weakness adds context to IOC's push for gas-carrier stakes to support higher US LPG imports from 2027.
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