Oil, fertiliser sales tumble in August

Overall oil sales decreased by 14 per cent year-on-year to 1.21 million tonnes in August due to the monsoon season, while these increased by 2pc due to a full working month, unlike July. Oil sales fell 12pc to 2.4m tonnes in July-August FY25 compared to 2.8m tonnes in 2MFY24. Myesha Sohail of Topline Securities said that petrol sales fell 7pc YoY but showed a rise of 6pc MoM to 625,000 tonnes in August due to a reduction in prices by Rs14.64 per litre to Rs260.96 and resumption of activities, i.e. start of school season and others. Petrol sales plunged by 9pc in 2MFY25 to 1.216m tonnes.