Poll rallies, easing COVID curbs boost Indias Feb gasoline, gasoil sales -prelim data – Reuters


NEW DELHI, March 1 (Reuters) – Indias gasoil and fuel sales rose in February from the previous month, initial fuel sales data showed, signaling a healing in commercial activity as states raise the COVID 19-led curbs.Local sales of auto fuel were likewise high, as retail costs of gas and gasoil have actually not been raised given that November due to assembly elections in crucial states in spite of a rise in international oil and improved fuel prices.Also, Indias gasoil and gas intake generally increases throughout elections as political parties thoroughly use lorries for canvassing. Sales of gasoil, which account for about two-fifths of Indias total refined fuel consumption, are straight linked to industrial activity in Asias third-largest economy.Gasoline sales in February struck about 2.3 million tonnes, up 23.8% from January and about 3.3% higher from a year earlier, as people continued to choose utilizing personal cars over public transportation for safety factors, the information showed.State retailers Indian Oil Corp (IOC.NS), Hindustan Petroleum Corp (HPCL.NS) and Bharat Petroleum Corp Ltd (BPCL.NS) own about 90% of the countrys retail fuel outlets.Below is a table of Indias initial fuel sales information with volumes in thousand tonnes: Register now for FREE limitless access to Reuters.comRegisterReporting by Nidhi Verma; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.


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