India’s Fuel Sales Rebound From Virus Hit in Boost for Oil Bulls
- Gasoline, diesel sales rise over June 1-15 from previous month
- Easing of restrictions on movement helping revival in demand
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India’s gasoline and diesel sales rebounded in the first half of June, offering early evidence the nation’s energy consumption is on the mend after a deadly second coronavirus outbreak that hammered demand.
Sales of the nation’s two most-used road fuels rose as much as 13% from the same period last month, according to people familiar with initial data from the three biggest retailers. That’s the first monthly increase since March.