NEW DELHI: India’s gasoline gross sales posted a sensible rebounded and energy demand surged by a file 22% in October because the monsoon clouds over financial actions lifted, signalling the onset of festive season demand. Authorities knowledge confirmed energy consumption spiking to 138.9 billion items (BU) in comparison with 113.9 BUs a yr in the past and 112.7 Bus in October 2021.
The identical components added traction to October gasoline gross sales, with preliminary market knowledge exhibiting a 5% improve in diesel from a yr in the past, the sharpest improve since Could.Petrol consumption, which had turned the nook in September with a 5.4% annual progress on file auto gross sales, continued to rise in October – albeit at a modest 3% from a yr in the past.
The identical components added traction to October gasoline gross sales, with preliminary market knowledge exhibiting a 5% improve in diesel from a yr in the past, the sharpest improve since Could.Petrol consumption, which had turned the nook in September with a 5.4% annual progress on file auto gross sales, continued to rise in October – albeit at a modest 3% from a yr in the past.
