Petrol gross sales of three state-owned corporations, which management 90% of the gasoline market, rose to 2.97 million tonnes in April in comparison with 2.65 million tonnes of consumption in the identical interval final yr.
| Photo Credit: SANDEEP SAXENA
India’s petrol consumption soared 12.3% in April, however diesel gross sales continued to slip regardless of the nation getting into into hectic electioneering for basic elections, preliminary information of state-owned corporations confirmed on May 01.
Petrol gross sales of three state-owned corporations, which management 90% of the gasoline market, rose to 2.97 million tonnes in April in comparison with 2.65 million tonnes of consumption in the identical interval final yr.
Diesel demand dropped 2.3% to 7 million tonnes. Demand for the nation’s most consumed gasoline had fallen 2.7% in March.
This is regardless of India going into basic elections the place vehicles largely pushed on diesel are used extensively for campaigning.
While petrol gross sales had been up principally as a result of a rise in the usage of private automobiles on the again of a value minimize, crop harvesting season and the onset of summer season, which is able to enhance the demand for air con in automobiles in addition to the electioneering holds out hope for reversing the development in diesel demand.
Petrol and diesel costs had been in mid-March diminished by ₹2 per litre, ending a virtually two-year-long hiatus in fee revision.
Month-on-month petrol gross sales dropped 5.3% in comparison with 2.82 million tonnes of consumption in March. Diesel demand was nonetheless 4.4% larger month-on-month in opposition to 6.7 million tonnes in March.
Diesel is India’s most consumed gasoline, accounting for nearly 40% of all petroleum product consumption. The transport sector accounts for 70% of all diesel gross sales within the nation. It can be the predominant gasoline utilized in agriculture sectors, together with in harvesters and tractors.
Petrol consumption has constantly proven a year-on-year rise, diesel consumption has been on a see-saw – rising in a single month and falling in one other.
Consumption of petrol throughout April was 15.3% greater than within the COVID-marred April 2022, and 56.5% greater than in the identical month of 2020.
Diesel demand was up 4.4% over April 2022, and 22.1% in comparison with April 2020.
Jet gasoline (ATF) gross sales rose 7% year-on-year to six,56,700 tonnes throughout April 2024. But, this was 2% decrease month-on-month when in comparison with 6,70,100 tonnes in March.
Like petrol and diesel, ATF demand too is now firmly above pre-Covid ranges.
ATF consumption was 27.2% greater than in April 2022 and 16.3% greater than in April 2020.
Cooking gasoline LPG gross sales had been up 12% year-on-year at 2.45 million tonnes in April 2024. LPG consumption was 9% larger than in April 2022 and 26.9% greater than in April 2020.
Month-on-month, LPG demand fell 8.3% in opposition to 2.67 million tonnes consumption throughout March, the info confirmed.
Source: www.thehindu.com
