(PTI)
India’s petrol and diesel sales growth moderated in April while cooking gas LPG consumption fell as record high prices dented demand, preliminary industry data showed on Sunday. Petrol sales growth moderated to 2.1 per cent in April when compared with the same period in the preceding month, while diesel demand demand was almost flat. Cooking gas LPG, which had consistently shown growth even during the pandemic period, saw a massive 9.1 per cent month-on-month drop during April.
State-owned oil firms had on March 22 ended a 137-day day hiatus in rate revision and began passing a USD 30 per barrel increase in cost of raw material (crude oil) during that period when five states iincluding Uttar Pradesh went to polls.
