Fuel sales cross pre-covid levels in July 1st fortnight

Indian state fuel retailers’ gasoline sales exceeded pre-pandemic levels in the first fortnight of July, as motorists took back to the roads after states eased Covid-19-related lockdowns. Sales of gasoline rose to 1.03 million tonnes in the first fortnight of July, a jump of about 3.44 per cent over the corresponding 2019 period, preliminary industry data showed on Friday. India's gasoline sales recovered to pre-pandemic levels in October 2020 before a second deadly wave of infections began hitting the fuel's demand in April. Rising fuel sales in India, the world's thirdbiggest oil importer and consumer, is a positive development for global oil markets.