New Delhi: fuel consumption Growth in domestic tourism, a sharp increase in economic activity and above-normal seasonal demand from the agriculture sector overtook pre-pandemic levels in June by a wide margin.
Diesel consumption for economic activities in June was 10.5% higher than the same month of 2019 and 35% higher than a year ago, according to provisional sales data from state-run retailers that account for 90% of the market. do service.
Petrol sales were up by 16.5 per cent in June 2019 level, while it was almost 29% higher than the comparable period last year.
The demand for diesel has increased due to a resurgence in inter-city travel and freight traffic due to increasing industrial activity. People’s preference for personal vehicles to escape the scorching heat and partly by vacationers to move to cooler climates has led to a spurt in the sale of petrol.
The surge in demand has prompted IndianOil, the country’s largest state-run refiner and fuel retailer to operate its refineries at over 100% and import petrol and diesel to fill the void left by private players closing or reducing sales. forced to do.
jet fuel sales The recovery continued, but remained 12% below June 2019 levels, indicating some downside pull as rising costs drive up rents. But sales were up 119% over last year, mostly cheering for the holidays with a vengeance in the sky.
Sales of LPG, which is mostly used as domestic cooking gas supplied in cylinders, showed a growth of around 28% as compared to June 2019, but was almost stagnant at last year’s level.
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