Petrol gross sales rose 5.6 per cent year-on-year to 2.4 million tonnes in June. It was up 21 per cent from May gross sales of 1.99 million tonnes.
Diesel – probably the most used fuel in the nation – rose 12 per cent from May to 6.2 million tonnes, however was down 1.5 per cent from June 2020 and 18.8 per cent from June 2019.
This is the primary month-to-month enhance since March.
Fuel demand had recovered to near-normal ranges in March earlier than the onset of the second wave of COVID-19 infections led to the re-imposition of lockdowns in totally different states, stalling mobility and muting financial exercise.
Consumption in May slumped to its lowest since August final 12 months amid lockdowns and restrictions in a number of states.
Fuel demand confirmed indicators of resurgence in June after restrictions started to be eased and the economic system gathered tempo.
The then Oil Minister Dharmendra Pradhan had final month said that India’s fuel demand would get better to pre-pandemic ranges by the tip of 2021.
“We are confident by the end of this calendar year we will be in a position to restore our original (pre-COVID) consumption behaviour,” Pradhan stated.
Consumption of LPG, the one fuel which confirmed progress even through the first lockdown due to free provides by the federal government to the poor, rose 9.7 per cent 12 months on 12 months to 2.26 million tonnes. It was up 26.3 per cent over June 2019.
With airways but to resume full-scale operations due to journey restrictions across the globe, jet fuel gross sales at 2,58,000 tonnes was up 16.2 per cent 12 months on 12 months however 61.7 per cent decrease than June of 2019.
Naphtha gross sales dropped by about 3.1 per cent to 1.19 million tonnes whereas sale of bitumen – used for making roads, had been down 32 per cent at 5,09,000 tonnes. Fuel oil consumption rose 1.9 per cent to 5,33,000 tonnes.