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Data● Neutral for Indian equities
India's petrol, diesel demand grows in September; LPG consumption falls
The brief
- Petrol sales rose 7.21% and diesel sales 4.86% in September
- LPG consumption fell 9.15% amid import dependence and West Asia tensions
- Fuel demand trends affect Indian oil marketing companies’ sales and refining outlook
- Nobody is allowed to cap fuel sales: Petroleum Secretary
- Govt May Force Rollback Of Diesel Caps Imposed By Private Retailers
- US threatens diesel export ban as Europe weighs releasing strategic stocks
- India cuts windfall taxes on diesel, aviation fuel exports
- Centre cuts windfall tax on diesel and ATF exports; petrol levy unchanged