Fuel Sales Recover In The First Half Of June In India
In this article (4)
India’s fuel demand continued to recover in the first half of June compared with the previous month as the nation eased restrictions on road transport, air travel and industries, provisional data from industry sources showed. Indian state fuel retailers’ gasoline sales jumped 63% to 903,000 tonnes in the first half of June compared with the same period last month, while diesel sales rose 39% to about 2.68 million tonnes.
Indian state fuel retailers’ gasoline sales jumped 63% to 903,000 tonnes in the first half of June compared with the same period last month
However, petrol and diesel sales declined 18% and 15%, respectively in June first half compared with a year earlier. State retailers’ LPG sales rose 6% to 960,000 tonnes in the first half of June compared with a year earlier, although consumption was down 20% from May first half.
However, petrol and diesel sales declined 18% and 15%, respectively in June first half compared with a year earlier.
Jet fuel consumption more than doubled to 85,000 tonnes in June first half from the previous month, while it dropped 73% compared with a year earlier. State companies – Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum – own about 90% of India’s retail fuel outlets.
Questions & Answers
Q.What is the primary reason given for the recovery in fuel demand during the first half of June?
What is the primary reason given for the recovery in fuel demand during the first half of June?
The recovery in fuel demand is attributed to India easing restrictions on road transport, air travel, and various industries. This allowed for increased movement and activity across the country.
Q.How did petrol and diesel sales in the first half of June compare to the same period last year?
How did petrol and diesel sales in the first half of June compare to the same period last year?
Petrol sales declined by 18% in the first half of June compared to a year earlier. Diesel sales also dropped by 15% during the same period last year.
Q.Which specific fuel type saw its consumption more than double in the first half of June compared to the previous month?
Which specific fuel type saw its consumption more than double in the first half of June compared to the previous month?
Jet fuel consumption more than doubled in the first half of June compared to the previous month, reaching 85,000 tonnes. However, it was still down significantly from a year earlier.
Reader pulse
Does this fuel recovery signal a broader retail rebound?
21,207 votes so far