The data shows that diesel sales by the country’s state fuel retailers during September 1-15 stood at 2.1 million tonnes, a decline of about 1.5 per cent over the previous year and 6.8% over the same period in 2019.
see photosIndia has yet to fully open up its public transport sector, which mostly uses diesel.
India’s diesel consumption slowed in the first half of September compared to the previous month, staying below pre-Covid levels as a pick-up in monsoon rains impacted mobility and fuel demand from the agriculture sector, early sales revealed from the data.
The data shows that diesel sales by the country’s state fuel retailers during September 1-15 stood at 2.1 million tonnes, a decline of about 1.5 per cent over the previous year and 6.8% over the same period in 2019.
State retailers Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp Ltd own nearly 90% of the country’s retail fuel outlets.
Diesel sales, which account for about two-fifths of India’s total refined fuel consumption, are directly linked to industrial activity in Asia’s third-largest economy.
Read also: Rains hit dynamics as India’s petrol, diesel sales fall
Petrol sales stand at 1.02 million tonnes above pre-COVID levels
Monsoon rains have resumed in India this month after a short season in August. The data shows that local diesel sales during September 1-15 were down by about 0.9% as compared to the same period in August.
Improved power supply also contributed to the decline in diesel demand.
In contrast, petrol sales remained above the pre-COVID level by 1.02 million tonnes as people preferred to use private vehicles over public transport and share mobility for safety reasons.
India has yet to fully open up its public transport sector, which mostly uses diesel.
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Petrol sales grew by 8.3% in September 2019 compared to the same period and 3.4% since August, the data showed.
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