Petrol and diesel sales had been on the rise for the reason that second half of March on the again of a pick-up in industrial and agriculture exercise. Image for illustration function solely.
| Photo Credit: PTI
Petrol and diesel sales fell in the primary half of June as the arrival of monsoon reduce demand in the agri sector and lowered vehicular motion, preliminary business information confirmed.
Demand for diesel, probably the most consumed gas in the nation accounting for about two-fifths of the demand, fell 6.7% to three.43 million tonne in June 1-15 in comparison with the year-ago interval.
Sales of diesel had soared 6.7% and 9.3% in April and May, respectively as agriculture demand picked up and vehicles yanked up air-conditioning to beat summer time warmth.
Month-on-month sales have been up 3.4% when put next with 3.31 million tonne of diesel consumed in May 1-15.
Petrol sales dropped 5.7% to 1.3 million tonne throughout the first half of June 2023 when put next with the identical interval final 12 months. Sales have been down 3.8% month-on-month, the info confirmed.
Petrol and diesel sales had been on the rise for the reason that second half of March on the again of a pick-up in industrial and agriculture exercise. But the arrival of monsoon has cooled temperatures and lowered demand for operating diesel gensets to irrigate fields as properly as reduce down consumption in tractors and vans in the primary half of June.
Consumption of petrol throughout June 1 to fifteen was 44.2% greater than COVID-marred June 2021 and 14.6% greater than pre-pandemic June 1-15, 2019.
Diesel consumption was up 38% over June 1-15, 2021 and eight.8% greater than in the primary half of June 2019.
With the continued opening of the aviation sector, India’s total passenger visitors at airports inched nearer to pre-COVID ranges.
Reflecting the pattern, jet gas (ATF) demand rose 2.6% to 290,000 tonne throughout June 1 to fifteen when in comparison with the identical interval final 12 months. It was 148% greater than in the primary half of June 2021 however 6.8% decrease than pre-COVID June 1-15, 2019.
Month-on-month sales fell 3.9% when put next with 301,900 tonne in May 1-15, 2023.
The Indian economic system has gained tempo with a pick-up in authorities and personal capital spending. Manufacturing too has picked up whereas the providers sector has been sturdy.
The nation’s oil demand throughout the previous few months was supported by robust industrial exercise, business officers stated.
Cooking gasoline LPG sales have been down 1.3 year-on-year to 1.14 million tonne in June 1-15. LPG consumption was 3.3% greater than in June 2021 and 26.7% greater than pre-COVID June 1-15, 2019.
Month-on-month, the demand fell 6.2% in comparison with 1.22 million tonne of LPG consumption throughout the first half of May, the info confirmed.
