OIL & GAS

Petroleum demand near normal levels

Consumption of petroleum products was estimated at 11.8 million tonnes in June, which is 88% of the level seen a year ago, indicating that economic activity was limping back towards normalcy.

In June, petrol consumption is estimated to have reached 85% of last year’s level, while diesel was at 82%.

“The sales of petroleum products in India, the world’s third-biggest oil consuming nation, had in April fallen to the lowest since 2007, due to the nationwide lockdown, necessitated to prevent the spread of COVID-19 pandemic,” an official statement said.

At 11.8 million tonnes of consumption, fuel demand in June was 88 per cent of 13.4 million tonnes consumption in June 2019.

Source
ET Energy World
Show More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Close
Close