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Festive demand drives India's diesel sales in October, data shows
NEW DELHI: Indian diesel consumption is rising, driven by increased truck movement during the festival season and the nation’s efforts to shield motorists from higher global prices, according to industry sources and preliminary sales data. Global diesel prices have surged to record highs in many markets due to disrupted supply as the prolonged Iran war and the Russia-Ukraine conflict pose inflation and cost-of-living threats to governments and consumers. Sales of diesel by state-run fuel retailers in the first half of October rose to 3.65 million metric tons (around 27 million barrels), up abo...
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