As per provisional data, overall OMC sales in February 2022 rose 10% yoy but fell by a sharp 15% mom to c.1.54mn tons.
Overall industry sales during 8MFY22 rose 14% yoy to 14.5mn tons, with 18%10% yoy growth in HSD/MS sales
We think that a slower volume in Feb sales was due to reopening of CNG stations and increase in fuel prices in Feb
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