Weak monsoon lifts July petrol and diesel demand at state fuel retailers
Petrol sales rose 9.7% year-on-year to 3.45 million tonnes in July, while diesel climbed 10.7% to 7.12 million tonnes as irrigation and transport demand increased. LPG sales fell 17.4% as commercial users shifted toward piped natural gas.
India’s three state-run fuel retailers reported sharp July petrol and diesel sales growth as delayed monsoon rains increased irrigation-pump and transport use. LPG demand fell as commercial and industrial users, including hotels and restaurants, shifted toward piped natural gas.
Why this matters
No related recent Indian Oil Corp signals are available; July’s fuel-demand increase highlights weather-linked volume gains at state retailers, while LPG demand shifts toward piped natural gas.
Retail-company is accelerating, up 222917% QoQ.