India state retailers' gasoil, gasoline sales flat in June versus May

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India state retailers' gasoil, gasoline sales flat in June versus May
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Indian state fuel retailers' gasoil and gasoline sales in June were little changed from the previous month, preliminary data showed, as people avoided travel as a heat wave in May gave way to monsoon rains.

Daily sales of gasoil rose marginally by 0.4% to 7.12 million metric tonnes in June compared with May, the data showed.

Fuel demand in India, the world's third biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are hit by heavy floods. Monsoon rains also reduce demand from the agriculture sector as less irrigation-related requirements decrease.

Gasoil accounts for about two-fifths of India's overall refined fuel consumption and is directly linked to industrial activity in Asia's third-largest economy. State fuel retailers' daily gasoline sales remained flat at nearly 2.90 million tonnes, the data showed.

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