The uptick in gasoline sales in the world’s third-largest oil importer is a welcome development for a global market that’s been forced to push back expectations for when energy demand might get back to pre-virus levels. Indian sales of diesel, the most widely used petroleum product in the country, are still down around 6% from a year earlier, however. […] Car sales in India rose 14% in August from a year earlier, while two-wheeler sales increased by 3%. Indian Oil Corp. Chairman Shrikant Madhav Vaidya said this week there are signs of a demand recovery, but the pandemic’s impact could linger and monthly consumption may edge back to pre-virus levels by the end of the year. […] Spokespeople at the three retailers — Indian Oil, Bharat Petroleum Corp. and Hindustan Petroleum Corp. — that account for more than 90% of fuel sales couldn’t immediately comment on the provisional data.
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