Fuel consumption in May was the lowest since August 2020. With the outbreak of the second wave of the epidemic subsiding, the lockdown is being eased in different parts of the country, due to which the demand for fuel is gradually increasing.
Petrol Diesel Demand
With the relaxation of the lockdown imposed in the states due to COVID-19, the demand for fuel in India increased again in the first fortnight of June, but the consumption is still less than last year. According to the data of state-owned petroleum companies, where one to 15 Between June, the sale of petrol registered a growth of 13 percent, the consumption of diesel saw a growth of 12 percent.
Fuel demand has increased in a month for the first time since March. Fuel demand had reached near normal levels in March this year before the start of the second wave of COVID-19. But as the outbreak of the epidemic increased, due to the lockdown in different states, the movement of vehicles decreased and at the same time economic activity was affected, which reduced the demand for fuel.
24.8 lakh tonnes of diesel sold in 15 days
Fuel consumption in May was the lowest since August 2020. With the outbreak of the second wave of the epidemic subsiding, the lockdown is being eased in different parts of the country, due to which the demand for fuel is gradually increasing. Between June 1 and 15, diesel was sold in the country by 2.48 lakh tonnes, which is 7.5 percent less than the sales in the same period last year and 21.4 percent less than the sales in June 2019 before COVID.
90 lakh tonnes of petrol sold
However, on a year-on-year basis, sales of petrol at the level of 9,04,900 tonnes were down by 3.5 per cent. This is 20.7 percent less than the sales in June 2019. In comparison, LPG is the only fuel whose consumption increased even in the first lockdown. Its consumption on monthly basis was 1.3 per cent lower with 11 lakh tonnes but registered a growth of 14.6 per cent over last year and 2.19 per cent as compared to June 2019.
Here’s the fall
Aircraft fuel sales were recorded at 1,07,400 tonnes with airlines not operating at full level due to travel restrictions. It saw a decline of 17.4 per cent on a monthly basis but it is 13.2 per cent higher as compared to June 2020. At the same time, there was a decrease of 65.5 percent in comparison to the sale of aircraft fuel in June 2019.
( language input )
read this also: Gold rate today: Gold reached the lowest level of four weeks, know the latest rate of 10 grams of gold
read this also: You will get rich by investing in this scheme of LIC, deposit Rs 333 daily and you will get Rs 70 lakh on maturity
