India's Petrol & diesel sales rebound on festival demand

Diesel has been a laggard since monsoon & November was first month that saw positive growth in consumption

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NEW DELHI: India's petrol and diesel consumption soared in November as the festive season reversed a fall in demand witnessed in previous months, preliminary data of state-owned firms showed on Friday.

While petrol sales had shown a year-on-year increase, diesel has been a laggard since monsoon and November was the first month that saw positive growth in consumption.

Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, soared 8.3 per cent to 3.1 million tonnes in November compared to 2.86 million tonnes of consumption in the same month last year.

Diesel demand was up 5.9 per cent to 7.2 million tonnes.