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Auto fuel demand to reach pre-Covid levels in a quarter: Indian Oil Chairman S M Vaidya

“We have seen a very phenomenal (demand) improvement in the month of September. So, if the same rate of improvement happens, I think within a quarter, we should be able to see pre-Covid levels as far as diesel and petrol are concerned,” Chairman S M Vaidya said.
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21 Sep 2020 1 Mins Read 0 comment
For the first fortnight of September, Indian Oil’s diesel sales rose 22% month-on-month but was down 9% year-on-year whereas petrol sales were up 9% month-on-month and up 1% year-on-year BCCL
For the first fortnight of September, Indian Oil’s diesel sales rose 22% month-on-month but was down 9% year-on-year whereas petrol sales were up 9% month-on-month and up 1% year-on-year
New Delhi: Auto fuel demand in the country should reach the pre-Covid levels in a quarter if the recent surge in sales continue, Indian Oil Chairman has said while adding that the refinery margin for the nation’s largest refiner has sharply improved recently due to inventory gains. “We have seen a very phenomenal (demand) improvement in the month of
“The first and foremost, we will try to go up in the refinery capacity by way of the debottlenecking and as far as the grassroot projects are concerned, we are reviewing all the projects.” Vaidya said the mega refinery planned in Maharashtra in collaboration with Saudi Aramco and the UAE’s Adnoc is held up due to unavailability of land.
New Delhi: Auto fuel demand in the country should reach the pre-Covid levels in a quarter if the recent surge in sales continue, Indian Oil Chairman has said while adding that the refinery margin for the nation’s largest refiner has sharply improved recently due to inventory gains. “We have seen a very phenomenal (demand) improvement in the month of “The first and foremost, we will try to go up in the refinery capacity by way of the debottlenecking and as far as the grassroot projects are concerned, we are reviewing all the projects.” Vaidya said the mega refinery planned in Maharashtra in collaboration with Saudi Aramco and the UAE’s Adnoc is held up due to unavailability of land.

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