India’s Fuel Sales Recovery Largely Intact as Delta Ravages Asia
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India’s fuel consumption recovery largely held up in the first half of August, a rare positive for Asian oil demand as the delta virus variant led to curbs on movement in other regional markets including China.
Gasoline sales rose 3.7% in Aug. 1 to 15 from the same period in 2019, prior to the pandemic, according to preliminary data from India’s three biggest fuel retailers. Sales of diesel, meanwhile, fell 8% from 2019, an improvement from July when they were down 11%. The two fuels account for more than half of all sales of petroleum products in the country.