OIL & GAS

India’s fuel demand continues to recover in June, up 11 pc over May

India’s fuel demand in June continued its recovery from a 13-year low hit in April as more commuters preferred private vehicles over public transport for fear of contracting COVID-19 and economic activity gradually picked up on easing of lockdown restrictions.

Petroleum product consumption rose 11 per cent to 16.28 million tonnes in June over demand witnessed in the previous month, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum and Natural Gas.

The demand was, however, 7.8 per cent lower than 17.67 million tonnes consumption in June 2019.

Fuel demand had plunged to 9.93 million tonnes in April, its lowest level since 2007 after stringent coronavirus lockdown halted economic activity and took most vehicles off-road. Overall, fuel demand had reached over 92 per cent of pre-COVID levels.

Demand for diesel, the most consumed fuel in the country, reached 84.5 per cent of normal levels, while petrol consumption was at 86.4 per cent of normal levels.

Source
ET Energy World
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close