India's gasoline, gasoil sales fall as rains hit mobility

Gasoil accounts for about two-fifths of India's overall refined fuel consumption

  
A worker cleans a pump at a fuel station in Ahmedabad, India, May 14, 2018.

A worker cleans a pump at a fuel station in Ahmedabad, India, May 14, 2018.

REUTERS/Amit Dave

NEW DELHI - Sales of gasoil and gasoline by Indian state-run retailers fell in the first fortnight of August from a month earlier as monsoon rains curtailed demand for auto fuels, preliminary sales data showed.

Gasoil sales at about 2.1 million tonnes during Aug. 1-15 were about 15.34% lower than the same period last month and about 7.9% lower than the corresponding period of 2019.

Gasoil accounts for about two-fifths of India's overall refined fuel consumption and is directly linked to industrial activity in Asia's third-largest economy.

Easing restrictions by provincial governments as coronavirus infections subside had led to an increase in auto fuel demand last month. 

However, heavy monsoon rains in some parts of the country caused large scale flooding in early August, reducing demand from gasoil and gasoline.

State-run Indian Oil Corp , Hindustan Petroleum Corp and Bharat Petroleum Corp Ltd own about 90% of the country's retail fuel outlets.

Local sales of gasoline for Aug. 1-15 declined on a monthly basis from the first time since May this year.

Gasoline sales totalled 985,820 tonnes, a decline of 4.93% from the same period last month but up 3.74% from the corresponding period of 2019.

Below is a table of India' preliminary daily fuel sales data with volumes in thousand tonnes.

Product Aug 1-15 % chg % chg %chg vs

2021 mth/mth yr/yr 2019 Gasoline 985.82 -4.93 9.35 3.74 Gasoil 2,112.67 -15.34 18.45 -7.86 Jet Fuel 165.58 25.15 47.46 -45.29 Liquefied 1,062.79 -2.73 6.57 -2.49 Petroleum Gas

(Reporting by Nidhi Verma; Editing by Subhranshu Sahu) ((nidhi.verma@thomsonreuters.com; +91 11 49548031; Reuters Messaging: nidhi.verma.thomsonreuters.com@reuters.net))


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