Sunday, May 10, 2020

India's fuel consumption falls 46% in April, may rebound in May

India's fuel consumption fell almost 46 per cent in April as all petroleum products, except LPG, saw massive demand erosion following the nationwide lockdown that halted economic activity and travel.

The demand, which showed signs of pick up in the last 10 days of April after the government allowed resumption of economic activity beyond the urban municipal limit, is likely to rebound in second half of May as more areas are opened, news agency PTI reported.
Diesel, the most consumed fuel in the country, slumped 61 per cent in the first half of April, but ended the month with a 55.6 per cent fall in sales at 3.25 million tonnes.

The data released includes sales by both public and private sector firms. Previously only public sector data was available.

Aviation turbine fuel (ATF) consumption collapsed by 91.3 per cent to 56,000 tonnes as most airlines have stopped flying.
10/05/20 Business Standard

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