Monsoon rains
Consumer National News Retail

Rain Weakens Diesel Demand In India, Sales Decline In September

Preliminary data from state-owned firms reveals that diesel sales in India have declined for the second consecutive month in September. The drop in demand is attributed to rains that have dampened industrial activity and reduced the need for diesel in certain regions of the country. While diesel sales by three state-owned fuel retailers saw a […]

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Diesel Sales Down 9.5% In August, Gasoline Sales Down 5.2%

Indian state retailers’ gasoline and diesel sales fell in the first half of August from the previous month and a year ago, preliminary sales data showed on Wednesday, as industrial activity and mobility were hit due to monsoon rains. Fuel demand in India, the world’s third-biggest oil importer and consumer, typically falls during the four-month […]

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Companies News

Indian Oil Corp Reports Q1 Profit, As Fuel Sales And Margins Rises

Indian Oil Corp reported a first-quarter profit on Friday, as the country’s top refiner benefited from higher fuel sales and marketing margins. The state-owned company’s net profit was Rs 13,750 crore for the quarter ended 30 June, compared with a loss of Rs 1,993 crore, a year earlier. IOC said its domestic product sales rose […]

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