Monday, March 27, 2023

Petrol, diesel sales fall after February fireworks – Usky News

New Delhi: of India fuel demand They fell in the first half of March after posting record growth in the previous month, preliminary industry data showed on Thursday. Fuel sales hit an all-time high in February as strong demand from the agriculture sector as well as transportation picked up following a winter shortage.
March saw a seasonal downpour with an increase in temperature.
petrol sales Imports declined by 1.4 per cent to 1.22 million tonnes in the first half of March compared to the same period last year. The data showed a month-on-month sales decline of 0.5 per cent.
During March 1 to March 15, the demand for diesel, the most consumed fuel in the country, fell by 10.2 percent to 3.18 million tonnes, compared to 3.54 million tonnes sold in the same period a year ago. Month-on-month demand was down 4.6 per cent.
In the first fortnight of February, there was a jump of about 18 per cent year-on-year in petrol consumption. sale of diesel About 25 percent were up.
Petrol consumption in the first half of March was higher by 16.4 per cent compared to the first half of March 2021 and almost 23 per cent higher than the same period in 2020.
Diesel consumption was higher by 11.5 per cent in the first half of March 2021 and 20.2 per cent in comparison to 2020.
While cold conditions slowed down the movement of trucks in January, the onset of spring revived demand in February.
With the steady opening up of the aviation sector, India’s overall passenger traffic at airports has recovered to near pre-Covid levels.
Reflecting the trend, the demand for jet fuel (ATF) increased by 19.2 per cent to 2,94,900 tonnes during the first half of March as compared to the same period last year. It was 35.6 percent more than March 2021 but 8.2 percent less than March 2020. Month-over-month sales remained roughly flat.
Sources said domestic air travel is back to pre-Covid levels, but international traffic is lagging behind due to ongoing restrictions in some countries.
India’s recovery has accelerated in recent months, but it is accompanied by high inflation. This slowed down the pace a bit. The country’s oil demand had been on a steady rise since the easing of COVID-19 restrictions.
Cooking gas LPG sales fell 9.7 per cent year-on-year to 1.18 million tonnes in March 1-15. LPG consumption was higher by 7.1 percent compared to March 2021 and 3.6 percent higher than March 2020.
The month-on-month demand has declined by 15.10 as compared to 1.39 million tonnes of LPG consumption during February 1-15.


- Advertisement -

More News

Latest NEWS

- Advertisement -