01-01-1970 12:00 AM | Source: Reuters
India's gasoline demand likely to recover from late August - HPCL exec
India's gasoline demand will likely recover from late August, while diesel consumption is expected to stay weak, an official at refiner Hindustan Petroleum Corp Ltd (HPCL) said on Monday.
The local sale of diesel by private refiners is also denting sales by state-run companies, the official said.
The official did not wish to be named as he was not authorised to speak to media.
Daily gasoline sales by the three state-run retailers, which also includes Indian Oil Corp and Bharat Petroleum during July 1-16 were down by 10.8% month-on-month, preliminary data showed.
Latest News
Buy Clean Science and Technology Ltd For Target Rs.1...
Buy Somany Ceramics Ltd For Target Rs.950 By JM Fin...
Buy Gold Above 72200 SL BELOW 71900 TGT 72550/72800 ...
Indian startups raised nearly $7 billion in first ha...
Committed to learning from India how to make AI more...
World Bank classifies Mongolia as upper middle incom...
Government`s focus on non-polluting energy sources t...
Madhya Pradesh Finance Minister Jagdish Devda to pre...
Accounting firm RSM's US arm plans to more than doub...
Buy Bharti Airtel Ltd For Target Rs. 1,480 By JM Fin...