State-run fuel retailers’ July petrol sales rise 9.7%; diesel demand climbs 10.7%
Combined July sales at IOC, BPCL and HPCL reached 3.45 million tonnes for petrol and 7.12 million tonnes for diesel, aided by weak monsoon rains and irrigation demand. LPG sales fell 17.4% to 2.37 million tonnes as commercial and industrial users shifted toward piped gas.
India’s three state-run fuel retailers reported strong July petrol and diesel demand as delayed monsoon rains increased irrigation-pump use. LPG sales declined as commercial and industrial users shifted to piped gas after supply disruptions and consumption curbs.
Why this matters
The fuel-sales increase follows IndianOil’s push to secure gas-carrier stakes for higher US LPG imports from 2027, while July LPG volumes decline as commercial and industrial users shift to piped gas.
Retail-company signals are accelerating, up 222633% QoQ.