Diesel sales drop 19% in first half of August compared to previous month

Falling domestic fuel demand and an oversupplied export market have prompted refiners to cut runs. The run rate at Indian Oil Corp, the nation’s largest refiner, has dropped to 75% from 93% in early July and its chairman, S M Vaidya, expects run rates to stay around 70-75% for the rest of the year.

from Energy-Industry-Economic Times https://ift.tt/343t3LE