Petrol, diesel sales soar in May
The Hindu
India’s petrol and diesel sales soared in May as agriculture demand picked up and cars yanked up air-conditioning with the onset of summer
India's petrol and diesel sales soared in May as agriculture demand picked up and cars yanked up air-conditioning with the onset of summer, preliminary industry data showed on Thursday.
Demand for diesel, the most consumed fuel in the country accounting for about two-fifths of the demand, soared 9.3% to 7.46 million tonne in May compared to the year-ago period.
In April, diesel demand had risen 6.7% year-on-year and the consumption in May was better than that.
Month-on-month sales rose 4.2% when compared with 7.16 million tonne of diesel consumed in April.
Petrol sales rose 10.4% to 3.08 million tonne in May 2023 when compared with the same period last year. Sales were up 16.5% month-on-month, the data showed.
Petrol and diesel sales have been on the rise from the second half of March on the back of a pick-up in industrial and agriculture activity. In the first half of March, petrol sales had fallen 1.4% and diesel 10.2% year-on-year.
And consumption soared in May as air-conditioning needs rose with a rise in temperature.
Let’s take a look at some of the biggest crypto events of the year.
Silver futures soar to ₹2.32 lakh/kg as global prices exceed $75, marking a record high in commodities trading.
Stock markets decline as Sensex and Nifty fall amid foreign fund outflows and low trading volumes on December 26, 2025.
Rupee drops 23 paise to 89.94 against the dollar amid negative equity trends and rising crude prices.
The commencement of commercial flight from the Navi Mumbai International Airport (NMIA) is expected to speed up infrastructure and real estate development across Navi Mumbai and surrounding regions, analysts & industry executives said.
GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.
India’s manufacturing sector underperforms compared to China and South Korea, partly due to public sector wages that raise costs and reduce competitiveness.
Non-Resident Indians (NRIs) from the Gulf Cooperation Council (GCC) region, once prominent investors in the Indian equity market are seen shying away due to rupee depreciation and have moved to global funds, said a top financial services executive.
Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.
In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.
Indian stock markets closed lower amid volatility, with key firms lagging as global trends influenced trading activity.
Bharti and Warburg Pincus invest in Haier India, acquiring a 49% stake to enhance growth and innovation in consumer durables.
India's net FDI remains negative for October 2025, with outflows surpassing inflows amid trade deal uncertainties.