Petrol, diesel gross sales leap in Might on driving holidays, farm demand – Occasions of India

NEW DELHI: India’s gasoline gross sales rose steeply in Might as folks set out on driving holidays within the hills to flee the searing warmth of the plains and financial actions expanded at a trot.
Petrol consumption rose almost 56% and the sale of diesel, the gasoline used essentially the most, shot up 39% from a 12 months in the past, business information exhibits. Diesel gross sales had been additionally boosted by the harvesting season demand from the farm sector.
The expansion in consumption seems more healthy at almost 76% and 41.5%, respectively, in comparison with Might 2020. However in comparison with Might 2019, information exhibits a modest enhance of 12% in petrol gross sales, whereas diesel consumption nonetheless stays 2.3% in need of the pre -pandemic degree.
In a constructive growth for refiners, jet gasoline gross sales rose 110% from a 12 months in the past on the again of elevated air journey, whereas the expansion stands at 401% over Might 2020 when consumption had tanked 70%. As in comparison with Might 2019, the jet gasoline gross sales are nonetheless 16% decrease than the pre-pandemic degree.
LPG, or frequent family cooking gasoline, consumption rose slightly greater than 1% from a 12 months in the past, whereas it was 4.8% decrease than gross sales in the identical interval of 2020 when stayed at house because of the lockdown, resulting in extra cooking. In comparison with Might 2019, nevertheless, the demand was 7.6% larger.

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