Indian Gasoline Sales Revive in Positive Sign for Oil Demand
- Motor fuel sales rose 2.2% y/y in first half of September
- Diesel sales still down around 6%, provisional data show
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Indian gasoline sales rose for the first time since the nation imposed one of the world’s strictest virus lockdowns in late March, a positive sign for global oil markets amid a stalling energy demand recovery.
Sales at India’s three biggest fuel retailers climbed 2.2% in the first half of September, the first year-on-year increase in six months, according to preliminary data from officials with direct knowledge of the matter.