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The Times of India
The Times of India
Business
PTI

Hoarding on price hike expectation leads to surge in petrol, diesel sales

NEW DELHI: India's auto fuel sales surged past pre-pandemic levels in the first half of March as consumers and dealers topped tanks in anticipation of a likely price hike post assembly elections.

Dealers, as well as the public, topped up their tanks as they anticipated prices, that have been put on hold in the run-up to the elections in states like Uttar Pradesh, will rise by a big margin to make up for as much as 60 per cent surge in the cost of raw material.

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