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NEW DELHI: In an indication of fuel sales gathering pace in line with an uptick in industrial activity, diesel consumption in the first fortnight of February was 9% higher than January, when sales had shrunk 5% from the month before.
Similarly, petrol sales also reversed last month’s trend to post a monthly gain of 4.2% in the period under consideration. Consumption had dropped more than 3% in January from a month ago. But compared to a year ago, sales were down 2.4%.
But diesel consumption still remained about 9% and petrol 2.4% lower than the year-ago period, market data showed on Tuesday.
Diesel consumption is one of the key indicators of economic activities. The sharp rebound after the decline in January reflects increased economic activities in terms of movement of people, raw materials and finished products. But compared with a year ago, the numbers seem to indicate the economy has still some way to go before getting its mojo back.
Petrol, diesel prices at fresh highs; petrol crosses ₹87 mark in Delhi
Updated:
Updated:
February 09, 2021 11:46 IST
Rates have risen by ₹3.59 per litre in case of petrol and by ₹3.61 on diesel in 2021.
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Retail petrol rates have risen by ₹17.71 per litre since mid-March 2020 | File
Rates have risen by ₹3.59 per litre in case of petrol and by ₹3.61 on diesel in 2021.
Petrol and diesel prices on Tuesday climbed to fresh highs in the country as rates were hiked after a three-day hiatus.
Petrol and diesel prices were hiked by 35 paise per litre each, according to price notifications of state-owned fuel retailers. The increase took petrol prices to a fresh high of ₹87.30 a litre in Delhi and to ₹93.83 in Mumbai. Diesel rates rose to ₹77.48 per litre in the national capital and to an all-time high of ₹84.36 in Mumbai.
India Business News: NEW DELHI: India’s fuel sales faltered in the first fortnight of January as festive and holiday season demands evaporated, indicating the economy may .
India s Petrol Sales Rise 1.5% From November, Cooking Gas Demand Up 7% Consumption of fuel in the country rose 4.1 per cent to 18.6 million tonnes in December, the highest since January 2020, scaling an 11-month peak
Updated: January 09, 2021 11:33 am IST
Petrol sales rose 1.5 per cent from November to 2.7 million tonnes and by an annual 9.3 per cent
India s fuel consumption in December rose for a fourth straight month as economic activity and transport demand continued to recover from a coronavirus-led hiatus. Consumption of fuel, a proxy for oil demand, rose 4.1 per cent to 18.6 million tonnes in December, the highest since January 2020, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Friday. However, on an annual basis, demand slipped by 1.8 per cent, indicating that consumption in Asia s third-largest economy hasn t yet reached pre-pandemic levels.