For state-run fuel retailers, which control 90% of pumps in the country, petrol sales grew 3.6% and diesel sales declined 1.3% in June, according to provisional data sourced from state companies. The 4.3% year-on-year increase in ATF sales for state companies was slower than the industry growth rate of 8.7%. A slower-than-industry growth for state companies meant the market share for private players increased during the month.
ATF sales expansion in June was powered by the holiday season, when leisure travel increases. Holiday travel and strong vehicle sales also aided petrol consumption. Most new cars sold in the country are petrol-powered these days.
Diesel, which accounts for nearly 40% of the national oil product demand, is used mainly in long-haul transport, mining and farming.
During the April-May period, diesel sales increased 1.9% year-on-year and petrol sales 8% year-on-year. ATF consumption went up 15% while LPG sales grew 6.7%.
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