Financial Daily from THE HINDU group of publications
Sunday, Dec 19, 2004
Financial Daily from THE HINDU group of publications Sunday, Dec 19, 2004 |
||
|
|
||
|
Industry & Economy
-
Petroleum Diesel sales up after dry patch Our Bureau
Kolkata , Dec. 18 AFTER more than ayear-long lean patch, diesel sales have once again gone up. According to sources in Indian Oil Corporation, since August this year, the oil industry is witnessing a rise in sales of diesel, registering a 10-per cent growth compared to the corresponding period last year. Diesel consumption dropped by around 3.5 per cent in 2003-04. According to IOC sources, the downtrend continued till August this year, registering a marginal drop in sales by 0.2 per cent. While the country is seeing a rise in diesel consumption, sales in West Bengal have so far dropped by 3.5 per cent this fiscal. IOC sources say the drop is a direct impact of high sales tax and imposition of cess on petrol and diesel by the State Government. "The price of fuel is higher in West Bengal compared to the neighbouring States in the eastern and north eastern region; accordingly long distance truckers prefer to refill their vehicles in those States," sources say.
More Stories on : Petroleum
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|