Diesel sales It decreased by 3.9 percent to 3.95 million tons during the period from June 1 to 15 compared to the same period last year.Demand had earlier fallen by 2.3 percent in April, 2.7 percent in March, and 1.1 percent in May.
but, Gasoline sales Production by three state-owned companies, which control 90 percent of the fuel market, remained almost unchanged at 1.42 million tons in the first half of June compared to 1.41 million tons in the same period last year, but consumption on a monthly basis fell by 4.6 in The hundred.
In addition, fuel consumption decreased month over month despite the traditional spike typically seen during elections. Moreover, there are factors such as Summer harvest season The hot summer season, which typically increases demand for air conditioning in cars, was expected to increase fuel consumption. However, this year did not follow the usual trend.
The fall in petrol and diesel prices by Rs 2 per liter in mid-March also did not bring any relief to oil companies as sales did not pick up as expected.
Gasoline sales decreased on a monthly basis by 3.6 percent compared to 1.47 million tons consumed during the period from May 1 to 15. Diesel demand remained stable on a monthly basis, compared to 3.54 million tons in the first half of May.
Diesel, which accounts for nearly 40 percent of India’s total petroleum product consumption, is used primarily in the transportation sector (70 percent of total diesel sales) and is also the dominant fuel in the agriculture sector, including combines and tractors.
Aviation fuel (ATF) sales rose 2.3 percent year-on-year to 331,000 tons during June 1-15, 2024. However, this was 4.5 percent lower month-on-month compared to 346,500 tons in June 1-15. May.
Similar to gasoline and diesel, demand for ATF is now well above pre-Covid levels, with consumption 10.1 percent higher than it was during June 1-15, 2022, and 6.1 percent higher than it was in June 1-15. June 15, 2020.
LPG sales increased by 0.1 percent year-on-year to 1.24 million tons in the period from 1 to 15 June 2024. However, consumption of LPG decreased by 0.9 percent compared to the period from 1 to 15 June 2022, but fell by 32 percent. Higher than from June 1 to 15, 2020.
On a monthly basis, demand for LPG decreased by 5.2 percent compared to 1.3 million tons consumed during the period from May 1 to 15.