Petrol sales of three state-owned companies, 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 12 months.
| Photo Credit: SANDEEP SAXENA
India’s petrol consumption soared 12.3% in April, however diesel sales continued to slip regardless of the nation getting into into hectic electioneering for basic elections, preliminary information of state-owned companies confirmed on May 01.
Petrol sales of three state-owned companies, 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 12 months.
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 cars largely pushed on diesel are used extensively for campaigning.
While petrol sales have been up largely attributable to a rise in using private automobiles on the again of a value lower, crop harvesting season and the onset of summer time, which can enhance the demand for air-con in vehicles in addition to the electioneering holds out hope for reversing the development in diesel demand.
Petrol and diesel costs have been in mid-March decreased by ₹2 per litre, ending an almost two-year-long hiatus in price revision.
Month-on-month petrol sales dropped 5.3% in comparison with 2.82 million tonnes of consumption in March. Diesel demand was nonetheless 4.4% increased month-on-month towards 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 sales in the nation. It can be the predominant gasoline used 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 one month and falling in one other.
Consumption of petrol throughout April was 15.3% greater than in 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) 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 sales have been up 12% year-on-year at 2.45 million tonnes in April 2024. LPG consumption was 9% increased than in April 2022 and 26.9% greater than in April 2020.
Month-on-month, LPG demand fell 8.3% towards 2.67 million tonnes consumption throughout March, the info confirmed.