New Delhi: Petrol consumption continued to rise in the first fortnight of September, registering an increase of over 8% from the same period in pre-pandemic 2019, but increased diesel Sales remained sluggish due to reduced demand due to rain.
Jet fuel demand saw a surprising double-digit growth in sales figures compared to a year ago due to a resurgence in domestic tourism, but that was still not enough to reach pre-pandemic levels. Sales rose more than 29% from a year ago and 8.7% from the same period in August, but were down 41% from the comparable period in 2019.
Petrol sales were up 5.7% over the same period of 2020 and 3.4% higher than the first fortnight of August, fueled by faster immunizations and easier inter-state travel norms due to people’s preference for private vehicles Was.
In contrast, demand for diesel, the most widely used fuel, was down about 7% compared to the comparable period in 2019 and down about 1.5% from a year ago. On a monthly basis also, the sales in the fortnight of September were about 1% lower as compared to the same period in August.
consumption of kitchen gas, which is also supplied as domestic cooking gas, grew by about 15% over pre-pandemic levels, while the growth was about 2% over a year ago and around 9% higher than in August.
Industry officials remained unimpressed by the sluggish growth in diesel demand and described it as a “seasonal” phenomenon. Shrikant Madhav Vaidya:Motor fuel demand will “expect” to top pre-pandemic levels in the next quarter, president of the country’s largest fuel retailer Diwali, although he admits that jet fuel will take a little longer.
“Diesel demand falls every year during monsoons as good rains dry up the demand for the agriculture sector (for running irrigation pumps). The floods have disrupted freight and construction activities. Even large infrastructure projects have been affected. All these areas are big diesel consumers,” said an oil company executive.
Jet fuel demand saw a surprising double-digit growth in sales figures compared to a year ago due to a resurgence in domestic tourism, but that was still not enough to reach pre-pandemic levels. Sales rose more than 29% from a year ago and 8.7% from the same period in August, but were down 41% from the comparable period in 2019.
Petrol sales were up 5.7% over the same period of 2020 and 3.4% higher than the first fortnight of August, fueled by faster immunizations and easier inter-state travel norms due to people’s preference for private vehicles Was.
In contrast, demand for diesel, the most widely used fuel, was down about 7% compared to the comparable period in 2019 and down about 1.5% from a year ago. On a monthly basis also, the sales in the fortnight of September were about 1% lower as compared to the same period in August.
consumption of kitchen gas, which is also supplied as domestic cooking gas, grew by about 15% over pre-pandemic levels, while the growth was about 2% over a year ago and around 9% higher than in August.
Industry officials remained unimpressed by the sluggish growth in diesel demand and described it as a “seasonal” phenomenon. Shrikant Madhav Vaidya:Motor fuel demand will “expect” to top pre-pandemic levels in the next quarter, president of the country’s largest fuel retailer Diwali, although he admits that jet fuel will take a little longer.
“Diesel demand falls every year during monsoons as good rains dry up the demand for the agriculture sector (for running irrigation pumps). The floods have disrupted freight and construction activities. Even large infrastructure projects have been affected. All these areas are big diesel consumers,” said an oil company executive.
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