Diesel sales surged 11.7%, petrol 3.1% in October
Diesel sales experienced an 11.7% year-on-year increase in October due to heightened economic activity. Petrol sales, on the other hand, increased by only 3.1% during the same month. LPG sales continued to decline significantly, dropping 12.1% yea...
The growth was significantly higher than the 5.9% increase recorded during the April-October period, indicating an unusually strong uptick in diesel consumption last month.
Petrol sales rose 3.1% in October, a relatively subdued increase compared with the 6.5% growth recorded during April-October. Growth in petrol consumption has moderated this year amid an increasing shift towards CNG-powered vehicles, which have captured a significant share of new vehicle sales.
Aviation turbine fuel (ATF) sales declined 1.3% in October and remained nearly flat during April-October, pointing to sluggish growth in the aviation sector.
LPG sales, predominantly driven by household cooking demand in India, fell 12.1% year-on-year in October, extending the decline seen since the onset of the Iran war, which has tightened supplies. LPG sales declined 14.5% during April-October.
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