New Delhi: The sale of petrol and diesel in India declined in December, based on preliminary information from state-owned corporations. The drop in demand is attributed to the onset of winter, which generally results in decreased consumption. This pattern is widespread as individuals are inclined to journey much less in the course of the colder months, impacting gas sales.
In December 2023, the sales of petrol from the three state-owned corporations, which collectively dominate 90 per cent of the gas market, witnessed a 1.4 per cent decline to 2.72 million tonnes in comparison with the identical interval the earlier 12 months. Additionally, diesel demand skilled a extra vital decline, dropping by 7.8 per cent to six.73 million tonnes throughout the identical interval.
The onset of the winter season in northern India led to the tapering of air-conditioning demand.
Petrol sales dropped 4.9%
On a month-on-month foundation, the sales of petrol skilled a 4.9 per cent lower in comparison with the consumption of two.86 million tonnes in November. Similarly, diesel demand additionally declined by 0.8 per cent month-on-month, in comparison with 6.79 million tonnes in November.
Diesel holds the place of essentially the most consumed gas in India, constituting almost 40 per cent of all petroleum product consumption. The transport sector contributes to 70 per cent of whole diesel sales in the nation.
Recent traits in gas consumption have displayed fluctuations, with a rise in demand for each petrol and diesel in October, adopted by a 7.5 per cent decline in diesel consumption in the next month.
Petrol consumption in December
In December 2023, petrol consumption witnessed a 7.1 per cent improve in comparison with the pandemic-affected December 2021 and a big 21.5 per cent surge in comparison with the pre-pandemic December 2019.
Diesel consumption additionally rose by 4.3 per cent over December 2021 and a couple of.7 per cent in comparison with December 2019.
Meawnhile, the jet gas (ATF) sales skilled a 3.8 per cent year-on-year improve however remained 6.5 per cent decrease than December 2019 attributable to incomplete resumption of worldwide flights post-pandemic.
ATF consumption was 25.5 per cent greater than in December 2021, however decrease than 628,400 tonnes used in pre-COVID December 2019. Month-on-month jet gas sales had been 2.6 per cent increased than 628,400 tonnes in November 2023.
Cooking gasoline (LPG) sales remained nearly flat year-on-year however confirmed an 8.1 per cent improve in comparison with December 2021 and a 16.4 per cent rise in comparison with December 2019. Month-on-month, LPG demand elevated by 6.2 per cent from November 2023.
(With PTI inputs)
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