Petrol sales in India saw a 2.8% increase in September year-on-year, while diesel fell by 2%, indicating an oil demand slowdown. LPG sales rose by 1%. The growth rates for these fuels in September were lower than the April-August averages. Jet fuel sales jumped 9.5% driven by strong air traffic.
New Delhi: Petrol sales rose 2.8% year-on-year in September while diesel dropped 2%, signalling a slowdown in India's oil demand.
Liquefied petroleum gas ( LPG ), used mainly for cooking in the country, rose 1%, according to the oil ministry data.
In the April-August period, diesel sales rose 1% year-on-year, petrol 8% and LPG 7%. The September sales growth for these three most consumed refined fuels in the country has slipped below the April-August average.
Jet fuel sales increased 9.5% in September on the back of strong air traffic.
The compounded annual growth rate for jet fuel has been 2% since 2019.
It is 1.7% for diesel, 4.5% for LPG and 5.8% for petrol since 2019.
A slowdown in vehicle sales, rainfall and a switch to alternative fuels have contributed to weaker fuel consumption in September.