Indian state retailers' March petrol sales up 27.4% y/y; diesel up 28.6% y/y

State companies - Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum - own about 90% of India's retail fuel outlets

  
A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. Image used for illustrative purpose.

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. Image used for illustrative purpose.

REUTERS/Francis Mascarenhas

NEW DELHI: Indian state retailers' gasoline and gasoil sales in March rose by 27.4% and 28.6%, respectively, from the low base of last year, when a nationwide lockdown to stem the spread of the coronavirus hit consumption, preliminary industry data showed.

State companies - Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum - own about 90% of India's retail fuel outlets.

The three companies sold 2.47 million tonnes of gasoline and 6.41 million tonnes of gasoil last month, the data showed.

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


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