Petrol and diesel gross sales fell within the first half of June because the arrival of monsoon lower demand within the agri sector and lowered vehicular motion, preliminary business knowledge confirmed.
Demand for diesel, essentially the most consumed gas within the nation accounting for about two-fifths of the demand, fell 6.7 per cent to three.43 million tonne in June 1-15 in comparison with the year-ago interval.
Gross sales of diesel had soared 6.7 per cent and 9.3 per cent in April and Could, respectively as agriculture demand picked up and automobiles yanked up air-conditioning to beat summer season warmth.
Month-on-month gross sales had been up 3.4 per cent in comparison with 3.31 million tonne of diesel consumed in Could 1-15.
Petrol gross sales dropped 5.7 per cent to 1.3 million tonne throughout the first half of June 2023 in comparison with the identical interval final yr. Gross sales had been down 3.8 per cent month-on-month, the info confirmed.
Petrol and diesel gross 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. However the arrival of monsoon has cooled temperatures and lowered demand for operating diesel gensets to irrigate fields in addition to lower down consumption in tractors and vans within the first half of June.
Consumption of petrol throughout June 1 to fifteen was 44.2 per cent greater than COVID-marred June 2021 and 14.6 per cent greater than pre-pandemic June 1-15, 2019.
Diesel consumption was up 38 per cent over June 1-15, 2021 and eight.8 per cent increased than within the first 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 per cent to 290,000 tonne throughout June 1 to fifteen when in comparison with the identical interval final yr. It was 148 per cent increased than within the first half of June 2021 however 6.8 per cent decrease than pre-Covid June 1-15, 2019.
Month-on-month gross sales fell 3.9 per cent in comparison with 301,900 tonne in Could 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 sturdy industrial exercise, business officers mentioned.
Cooking gasoline LPG gross sales had been down 1.3 per cent year-on-year to 1.14 million tonne in June 1-15. LPG consumption was 3.3 per cent increased than in June 2021 and 26.7 per cent greater than pre-COVID June 1-15, 2019.
Month-on-month, the demand fell 6.2 per cent in comparison with 1.22 million tonne of LPG consumption throughout the first half of Could, the info confirmed.
