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India's IOC sees growth in gasoline, diesel sales in FY2024/2025

Reuters
·1-min read
Illustration showing Indian Oil Corp Ltd logo

QUITOL, India (Reuters) - India's top refiner Indian Oil Corp expects its gasoline sales to rise 4.5%-5% in the financial year ending on March 31, 2025, the company's head of marketing said on Tuesday.

"We are seeing a steady growth in MS (gasoline) sales," Satish Kumar Vaduguri told reporters on the sidelines of the India Energy Week conference.

The company's diesel sales are expected to climb 3% over the same financial year, he said.

Vaduguri said sales of jet fuel were seen rising 6-7% in the year ending March 2025, while liquefied petroleum gas (LPG) sales were expected to jump 2%.

(Reporting by Nidhi Verma; Writing by Florence Tan; Editing by Jacqueline Wong)