India Diesel Sales Take a Dip With Festive Cheer Fading Fast
- Sales fall year-on-year in November after rising in October
- Gasoline sales rise amid signs private transport being favored
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Indian sales of diesel, the country’s most-used fuel and a bellwether for economic activity, are dropping again as a festive season demand boost proves fleeting.
Sales of the fuel -- used in transport, factories, construction and agriculture -- fell year-on-year in November, according to preliminary data from officials with direct knowledge of the matter. That came after the previous month, when they clocked the first gains since the start of the Covid-19 pandemic as the Diwali festival drove consumer spending and fuel consumption.