Cold weather hits India's gasoline, gasoil sales in Jan: Prelim data

Sales of gasoline and gasoil by Indian state-run retailers declined in January from the previous month as cold weather in parts of the country

Cold weather hits India's gasoline, gasoil sales in Jan: Pre-sales data
Cold weather hits India's gasoline, gasoil sales in Jan: Pre-sales data. Photo: Bloomberg
Reuters NEW DELHI
2 min read Last Updated : Feb 02 2023 | 1:45 PM IST

By Nidhi Verma

NEW DELHI (Reuters) - Sales of gasoline and gasoil by Indian state-run retailers declined in January from the previous month as cold weather in parts of the country hit the movement of personal and commercial vehicles, preliminary sales data showed.

State retailers sold about 6.7 million tonnes of gasoil in January, a decline of 8.6% from the previous month, the data showed.

Gasoil accounts for about two-fifths of refined fuel consumption in India and is directly linked to industrial activity.

Cold weather and softening industrial activity curbed the movement of gasoil-guzzling trucks last month.

India's manufacturing industry expanded at the slowest pace in three months in January as output and sales growth slackened, according to a private survey.

The Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 55.4 last month from 57.8 in December, well below the 57.4 predicted in a Reuters poll.

Gasoline sales in January were at 2.6 million tonnes, declining by 5.1% from December, the data showed.

State retailers - Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd - control about 90% of India's fuel stations.

Below is a table of India's preliminary fuel sales data with volumes in thousand tonnes.

Refined fuels Jan 2023 % Chg %Chg %Chg vs

mth/mth yr/yr 2021

Gasoline 2621.5 -5.1 17.6 11.3

Gasoil 6678.9 -8.6 18.5 10.5

Jet Fuel 614.7 1.23 45.0 47.8

Liquefied Petroleum Gas 2637.7 -3.21 0.18 5.7

 

(Reporting by Nidhi Verma; Editing by Savio D'Souza)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Cold weathergasolinegasoil import deal

First Published: Feb 02 2023 | 1:39 PM IST

Next Story