Petrol gross sales in June rose by about 36% from Might to about 2.04 million tonnes, whereas diesel gross sales, which accounts for about two-fifths of the nation’s total gas gross sales, rose by about 20% in June in contrast with Might to five.54 million tonnes.
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Petrol and diesel gross sales in June are nonetheless down by about 15% and 17.1% respectively from a 12 months earlier
India’s gas consumption rose in June in contrast with Might, persevering with with a gradual restoration as industrial and transport sectors reopened after a stringent lockdown, a authorities assertion issued on Wednesday stated. Gas consumption – a proxy for oil demand in Asia’s third largest financial system – totalled 11.eight million tonnes in June, a decline of about 12% from a 12 months earlier, it stated. The nation’s gas demand virtually halved in April to the bottom since 2007 because the nation got here to a standstill after it went right into a lockdown on March 24 to curb the unfold of the coronavirus.
Additionally Learn: Fuel Rates Stabilise; Petrol, Diesel Prices Remain Unchanged On 2nd Consecutive Day
Petrol gross sales in June rose by about 36% from Might whereas diesel gross sales rose by about 20% in June
State-retailers’ petrol gross sales in June rose by about 36% from Might to about 2.04 million tonnes. Gross sales of diesel, which accounts for about two-fifths of the nation’s total gas gross sales, rose by about 20% in June in contrast with Might to five.54 million tonnes. Nonetheless, petrol and diesel gross sales in June are nonetheless down by about 15% and 17.1% respectively from a 12 months earlier.
Additionally Learn: Diesel Continues To Be Costlier Than Petrol In Delhi, But Reasonably Cheaper In Other Metro Cities
Oil minister Dharmendra Pradhan final week stated gas demand may normalise by the top of September. State firms Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum personal about 90% of the retail gas shops in India.
Additionally Learn: Petrol And Diesel Price Revision Halts After 21 Days
Gross sales of liquefied petroleum fuel (LPG) rose practically 17% in June from a 12 months in the past whereas jet gas declined by 67.three% throughout the identical interval. Demand for industrial fuels comparable to petcoke, naphtha and marine gas additionally rose in June in comparison with a 12 months earlier, indicating a pick-up in industrial exercise.
To fulfill rising gas demand, state refiners boosted crude processing to about 85% of designed capability in comparison with about 55% originally of April, the assertion added.
(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)
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