Oil demand fell 11.3% to 15.11 million tonnes compared to the previous month and was down 1.5% from a year earlier, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed
India s fuel demand fell 1.5% y/y in May
Premium
Cooking gas or liquefied petroleum gas (LPG) sales decreased 5.5% to 2.17 million tonnes, while naphtha sales surged 25.8% to 1.25 million tonnes
(Photo: Mint)
. Updated: 09 Jun 2021, 07:23 PM IST Reuters
Consumption of fuel, a proxy for oil demand, totalled 15.11 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed
Read Full Story
NEW DELHI :
India s fuel demand fell 1.5% in May compared with the same month last year.
Consumption of fuel, a proxy for oil demand, totalled 15.11 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Read more about Fuel sales plunge to lowest in year in India as states lock down for Covid on Business Standard. Oil demand across wide swathes of Asia has been hurt by resurgent coronavirus waves in recent months
Fuel demand plunges in May due to COVID-19 lockdowns, shows data
Daily gasoline sales in May fell by about 19% from April while diesel consumption, which is linked to industrial activity and accounts for over two-fifths of India s fuel demand, fell by 19.9%, data compiled by state refiners showed
Reuters | June 1, 2021 | Updated 15:18 IST
Indian state refiners daily gasoline and gasoil sales declined by about a fifth in May from a month earlier as lockdowns to curb the second deadly wave of COVID-19 hit industrial activities and consumption, preliminary data showed on Tuesday. Daily gasoline sales in May fell by about 19% from April while diesel consumption, which is linked to industrial activity and accounts for over two-fifths of India s fuel demand, fell by 19.9%, data compiled by state refiners showed.
India Business News: The second Covid wave spooked India’s fuel and power demand in May as lockdown across states confined people to their homes and curtailed economic act