Diesel gross sales fall 7% in November, petrol gross sales up 5%

NEW DELHI: India’s diesel gross sales fell 7 per cent year-on-year in November after rising for the primary time in eight months in October, trade knowledge confirmed on Tuesday.
Sale of diesel, essentially the most used gas within the nation, was, nonetheless, eight per cent increased month-on-month.
Diesel consumption in November was 6.23 million tonnes, down from 6.7 million tonnes in the identical interval a 12 months in the past. It was, nonetheless, increased than 5.7 million tonnes demand throughout October.
The fall in consumption in November, after diesel gross sales had reached pre-Covid ranges in September, exhibits the restoration is fragile, an trade official mentioned.
Petrol gross sales rose to 2.Four million tonnes from 2.28 million tonnes, whereas cooking fuel (LPG) gross sales had been up 4.5 per cent to 2.36 million tonnes.
Aviation turbine gas (ATF) gross sales fell 48 per cent year-on-year to three,46,000 tonnes, however had been 6.three per cent increased month-on-month.
The complete demand for petroleum merchandise rose 2.5 per cent in October to succeed in 17.77 million tonnes. While petrol had reached pre-COVID ranges in September itself, diesel consumption had returned to regular in October.
Diesel demand had spurted 7.Four per cent year-on-year in October, whereas petrol gross sales had been up 4.5 per cent at 2.54 million tonnes.
The progress in diesel consumption was the very best in a 12 months.
Industry sources mentioned month-on-month diesel gross sales have risen in November, which is an efficient signal.
Fuel demand had slumped by 49 per cent in April after a nationwide lockdown, imposed to curb the unfold of coronavirus, shut industries and took most autos off-road.
The 69-day nationwide lockdown was adopted by native and state-level restrictions. Restrictions have eased solely slowly and in phases, and localised restrictions in containment zones stay.
The onset of the festive season has fuelled an increase in consumption, however public transport is just not again to regular ranges but as faculties and academic establishments proceed to stay shut in most elements of the nation.

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