亚博体育官网首页

Diesel demand lags as petrol demand continues to increase in August
ROADS & HIGHWAYS

Diesel demand lags as petrol demand continues to increase in August

The fuel demand recovery in India remained uneven in August as the consumption of petrol constantly increased, but diesel sales fell, as shown by the preliminary data from state fuel retailers on Wednesday.

Fuel retailers owned by the State sold 2.43 million tonne (mt) petrol in August, which is 13.6% more than a year ago. This is 4.1% higher than petrol sales of 2.33 million tonnes in August 2019 during pre-covid.

The most used fuel in the country, diesel sales increased by 15.9% to 4.94 mt during August 2021 over the previous year but was down 9.8% from August 2019.

During August, the diesel sale was 9.3% lower than the previous month, primarily because of lower mobility due to the monsoon. Consumption of Diesel was 8% lower in the first half of August than pre-covid levels.

The fuel demand had almost recovered in March before the outbreak of the second wave of Covid-19 infections, which led to the reimposition of lockdown in different states, muting economic activity and stalling mobility.

IOCL Chairman S M Vaidya told the media on July 30 that the petrol consumption has increased over pre-Covid levels as people prefer personal transport over public transport.

He said that ATF consumption would most probably return to normal by the end of the current fiscal year in March. It has witnessed the most severe fall as air travel was restricted beginning March 2020.

LPG fuel consumption, which is the only fuel that showed growth even during the first lockdown because of free supplies the government provided to the poor, increased by 1.85% every year to 2.32 mt in August. It was 2.4% lower than August 2019.

The fuel demand recovery in India remained uneven in August as the consumption of petrol constantly increased, but diesel sales fell, as shown by the preliminary data from state fuel retailers on Wednesday. Fuel retailers owned by the State sold 2.43 million tonne (mt) petrol in August, which is 13.6% more than a year ago. This is 4.1% higher than petrol sales of 2.33 million tonnes in August 2019 during pre-covid. The most used fuel in the country, diesel sales increased by 15.9% to 4.94 mt during August 2021 over the previous year but was down 9.8% from August 2019. During August, the diesel sale was 9.3% lower than the previous month, primarily because of lower mobility due to the monsoon. Consumption of Diesel was 8% lower in the first half of August than pre-covid levels. The fuel demand had almost recovered in March before the outbreak of the second wave of Covid-19 infections, which led to the reimposition of lockdown in different states, muting economic activity and stalling mobility. IOCL Chairman S M Vaidya told the media on July 30 that the petrol consumption has increased over pre-Covid levels as people prefer personal transport over public transport. He said that ATF consumption would most probably return to normal by the end of the current fiscal year in March. It has witnessed the most severe fall as air travel was restricted beginning March 2020. LPG fuel consumption, which is the only fuel that showed growth even during the first lockdown because of free supplies the government provided to the poor, increased by 1.85% every year to 2.32 mt in August. It was 2.4% lower than August 2019. Image Source

Next Story
Real Estate

Brigade Group Launches Morgan Heights Project in Chennai

Brigade Group has announced the launch of Brigade Morgan Heights, a new residential project on Sholinganallur-Medavakkam Road in Chennai. Spanning 14.7 acre, the development has a gross development value (GDV) of approximately Rs 21 billion and a development potential of 2.2 million sq. ft. The project comprises 1,250 units across three towers, offering 2, 3, and 4 BHK apartments with sizes extending up to 2,599 sq ft. Located just 150 metres from the upcoming Classical Tamil Institute Metro Station, it offers excellent connectivity to IT hubs such as Elcot IT Park, Wipro, and Cognizant, ..

Next Story
Infrastructure Urban

ACCE (I) to Host National Meet on Future High-Rise Buildings

The Association of Consulting Civil Engineers (India) [ACCE (I)], Hyderabad Centre, will host a Two-Day National Conference on 鈥楴ext-Gen Highrise Buildings 鈥� Advancements in Composite and Steel Structures鈥� on 11th and 12th July 2025 at ESCI Campus, Centenary Convention Centre, Gachibowli, Hyderabad. The event is expected to draw 800 participants from across India, including engineers, builders, architects, and policymakers, creating a platform for collaboration and knowledge exchange. More than 14 eminent speakers will share expert insights on structural stability, sustainability, a..

Next Story
Real Estate

Saya Group Ties Up with Lemon Tree for 336 Business Suites in G-Noida

 In a significant move to redefine urban business hospitality, Saya Group has partnered with Carnation Hotels Pvt. Ltd., a subsidiary of Lemon Tree Hotels, to manage and operate 336 BIZTOP Business Class Suites at Saya SouthX, Greater Noida West. These fully serviced suites, located across the 7th to 25th floors, are designed to cater to the evolving needs of entrepreneurs, professionals, and corporate travellers. Each suite averages 668 sq. ft. and blends modern interiors, amenities, and professional hospitality, operated under the BIZTOP brand by Lemon Tree Hotels. 鈥淭his col..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement