Petrol, diesel gross sales drop 17% in May on Covid-19 lockdowns

NEW DELHI: India’s petrol and diesel gross sales fell by about 17 per cent in May from a month in the past as restrictions clamped to curb the world’s worst outbreak of coronavirus infections stifled demand.
Sales of petrol — utilized in vehicles and bikes — fell to 1.79 million tonne in May, the bottom in a yr, based on the preliminary information of state-owned gasoline retailers.
While the consumption was nearly 13 per cent increased than demand in May 2020, it was 28 per cent decrease than pre-Covid ranges of two.49 million tonne.
India was below one of many world’s strictest lockdowns in May final yr, which introduced all mobility and financial exercise to a grinding halt.
This yr, although the an infection fee is far extreme, restrictions are localised. Personal mobility is just not as hampered as final yr and extra factories have remained open whereas cargo motion between states too hasn’t been as badly affected.
Demand for diesel — probably the most used gasoline within the nation — fell to 4.89 million tonne in May 2021, down 17 per cent from the earlier month and 30 per cent from May 2019.
With airways persevering with to function at much less capability, jet gasoline (ATF) gross sales in May had been 2,48,000 tonne, down 34 per cent over April 2021 and 61.3 per cent over May 2019. Jet gasoline gross sales in May 2020 had been 1,09,000 tonne.
Sales quantity of cooking gasoline LPG fell 6 per cent year-on-year to 2.16 million tonne in May 2021 however was 6 per cent increased than 2.03 million tonne offered in May 2019.
LPG was the one gasoline to have registered progress throughout the lockdown final yr as the federal government gave free cylinders as a part of the Covid-19 reduction bundle.
India’s new coronavirus instances have fallen from over 4 lakh to 1.27 lakh and deaths from the an infection dropped to 2,795 from over 4,000 a number of weeks again, based on well being ministry information launched on Tuesday.
“We had been close to pre-Covid stage in March 2021, however new restrictions as a result of second Covid-19 wave have quickly diminished demand for each private mobility and industrial items motion,” an business official stated. “Local gasoline consumption will begin to search for this month when second pandemic wave is predicted to weaken.”
Declining gasoline gross sales diminished crude consumption by refiners, decreasing the working run fee by 85-86 per cent.


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