India state retailers’ gasoil, gasoline sales flat in June versus May

Roydad Naft News Agency – Indian state fuel retailers’ gasoil and gasoline sales in June were little changed from the previous month, preliminary data showed, as people avoided travel as a heat wave in May gave way to monsoon rains.

Daily sales of gasoil rose marginally by 0.4% to 7.12 million metric tonnes in June compared with May, the data showed.

Fuel demand in India, the world’s third biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are hit by heavy floods.

Monsoon rains also reduce demand from the agriculture sector as less irrigation-related requirements decrease.

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.

State fuel retailers’ daily gasoline sales remained flat at nearly 2.90 million tonnes, the data showed.

State-run retailers and refiners – Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum – own about 90% of India’s retail fuel outlets.

Below is a table of Indian state refiners’ preliminary daily fuel sales data with volumes in thousand tonnes.

Refined fuelsJune 2023%Chg mth/mth%Chg yr/yr%Chg vs 2021
Gasoline2897.20.03.433.5
Gasoil7121.60.4-3.730.3
Jet Fuel587.3-2.46.0140.3
Liquefied Petroleum Gas2279.9-3.4-0.8-0.2
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