India s December 1-15 diesel sales down 5.2%, petrol up 9.5%
Diesel consumption, which accounts for about 40% of overall refined fuel sales in India, fell to 2.8 million tonnes in the first half of the month.
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Updated: Dec 16, 2020, 02:46 PM IST
India s diesel sales fell 5.2% in the first half of December year-on-year, preliminary data from state-run fuel retailers showed on Wednesday, signalling that industrial growth in Asia s third-largest economy has not yet reached pre-COVID-19 levels.
Diesel consumption, a key parameter linked to economic growth and which accounts for about 40% of overall refined fuel sales in India, fell to 2.8 million tonnes in the first half of the month.
India s December 1-15 diesel sales down 5.2% y/y - prelim data
12/16/2020 | 02:55am EDT
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NEW DELHI (Reuters) - India s diesel sales fell 5.2% in the first half of December year-on-year, preliminary data from state-run fuel retailers showed on Wednesday, signalling that industrial growth in Asia s third-largest economy has not yet reached pre-COVID-19 levels.
Diesel consumption, a key parameter linked to economic growth and which accounts for about 40% of overall refined fuel sales in India, fell to 2.8 million tonnes in the first half of the month.
Growth in India s services and manufacturing industries lost some momentum last month as coronavirus fears weighed on demand and output, prompting firms to cut jobs for the eighth month in a row, two separate private surveys showed.
Diesel accounts for about 40% of overall refined fuel sales.
It fell to 2.8 million tonnes in the first half of the month.
New Delhi: India`s diesel sales fell 5.2% in the first half of December year-on-year, preliminary data from state-run fuel retailers showed on Wednesday, signalling that industrial growth in Asia`s third-largest economy has not yet reached pre-COVID-19 levels.
Diesel consumption, a key parameter linked to economic growth and which accounts for about 40% of overall refined fuel sales in India, fell to 2.8 million tonnes in the first half of the month.
Growth in India`s services and manufacturing industries lost some momentum last month as coronavirus fears weighed on demand and output, prompting firms to cut jobs for the eighth month in a row, two separate private surveys showed.
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