PSUs: PSUs' petrol sales up 7.5%, diesel down 7.5% in November - infrabuddy.com

PSUs: PSUs’ petrol sales up 7.5%, diesel down 7.5% in November

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State-run companies’ petrol sales rose 7.5% year-on-year in November while diesel sales fell by an equal percentage point.

State companies sold 6% more jet fuel year-on-year in November and 1% less cooking gas, according to the provisional sales data provided by these companies. The oil ministry publishes consolidated sales data for the industry, including for the private retailers, by the tenth of every month, which gives a more accurate picture of the fuel demand in the country.

State-run companies control around 90% of petrol pumps in the country but have been losing share in the countrywide sales of diesel and petrol this year after gaining market share last year. This is why their standalone sales growth figures aren’t indicative of overall industry growth.

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The festive season, which spreads over the last quarter of the calendar year in the country, is usually marked with higher sales of transportation fuels as people travel and shop more than usual, pushing up long-haul transport and factory activity. Record-high vehicle sales have also been boosting fuel demand.

Compared to the November of 2019, petrol and diesel sales by state companies are up 25% and 1%, respectively.

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