New Delhi: petrol And diesel sales India boomed in September as economic activity picks up festive season And the end of the monsoon boosted demand, preliminary industry data showed.
petrol sales It grew by 13.2 per cent to 2.65 million tonnes in September, compared to 2.34 million tonnes consumed in the same month last year. Sales were up by 20.7 per cent over COVID-Mard September 2020 and 23.3 per cent higher than pre-pandemic September 2019.
However, the demand was lower by 1.9 per cent as compared to the previous month of August 2022.
Diesel, the most widely used fuel in the country, saw a 22.6 per cent increase in sales in September to 5.99 million tonnes as compared to the same month last year. Consumption was 23.7 per cent higher as compared to September 2020 and around 15 per cent higher than pre-Covid 2019.
The fuel, which saw sales decline by about 5 per cent in August compared to the previous month of July, saw a 1.3 per cent month-on-month increase in demand.
Industry sources said that the end of monsoon rain increased in most parts of the country and due to an accelerated agricultural season diesel Demand. Rain typically restricts mobility and demand from the agricultural sector, which uses diesel in irrigation pumps and trucking.
Also, the approaching festive season saw a pick-up in economic activity and increased demand.
Auto fuel sales declined in July and August due to monsoon and lower demand. The decline came after a surge in June, which was supported by an increase in heat travel to cooler regions of the country and educational institutions to avoid holidays during the annual holiday.
As the aviation sector opened up, India’s overall passenger traffic at airports approached pre-Covid-19 levels.
Accordingly, the demand for jet fuel (ATF) during September increased by 41.7 per cent to 5,44,700 tonnes as compared to the same month last year. It was 81.3 per cent higher than September 2020, but about 12 per cent lower than pre-Covid September 2019.
Sources said that while domestic air travel has returned to pre-Covid levels, international traffic is lagging due to the ongoing restrictions in some countries.
With strong economic growth of 7 per cent, oil demand in India continues to rise as the country eases the pandemic lockdown.
sale of cooking gas lpg It grew 5.4 per cent year-on-year to 2.48 million tonnes in September. LPG consumption It was 9.3 percent higher than September 2020 and 14.9 percent higher than September 2019.
The data showed that month-on-month, demand was higher by 4.26 per cent compared to 2.38 million tonnes of LPG consumption during August.
petrol sales It grew by 13.2 per cent to 2.65 million tonnes in September, compared to 2.34 million tonnes consumed in the same month last year. Sales were up by 20.7 per cent over COVID-Mard September 2020 and 23.3 per cent higher than pre-pandemic September 2019.
However, the demand was lower by 1.9 per cent as compared to the previous month of August 2022.
Diesel, the most widely used fuel in the country, saw a 22.6 per cent increase in sales in September to 5.99 million tonnes as compared to the same month last year. Consumption was 23.7 per cent higher as compared to September 2020 and around 15 per cent higher than pre-Covid 2019.
The fuel, which saw sales decline by about 5 per cent in August compared to the previous month of July, saw a 1.3 per cent month-on-month increase in demand.
Industry sources said that the end of monsoon rain increased in most parts of the country and due to an accelerated agricultural season diesel Demand. Rain typically restricts mobility and demand from the agricultural sector, which uses diesel in irrigation pumps and trucking.
Also, the approaching festive season saw a pick-up in economic activity and increased demand.
Auto fuel sales declined in July and August due to monsoon and lower demand. The decline came after a surge in June, which was supported by an increase in heat travel to cooler regions of the country and educational institutions to avoid holidays during the annual holiday.
As the aviation sector opened up, India’s overall passenger traffic at airports approached pre-Covid-19 levels.
Accordingly, the demand for jet fuel (ATF) during September increased by 41.7 per cent to 5,44,700 tonnes as compared to the same month last year. It was 81.3 per cent higher than September 2020, but about 12 per cent lower than pre-Covid September 2019.
Sources said that while domestic air travel has returned to pre-Covid levels, international traffic is lagging due to the ongoing restrictions in some countries.
With strong economic growth of 7 per cent, oil demand in India continues to rise as the country eases the pandemic lockdown.
sale of cooking gas lpg It grew 5.4 per cent year-on-year to 2.48 million tonnes in September. LPG consumption It was 9.3 percent higher than September 2020 and 14.9 percent higher than September 2019.
The data showed that month-on-month, demand was higher by 4.26 per cent compared to 2.38 million tonnes of LPG consumption during August.