Diesel & Petrol Sales Hit in India After the Spread of the Coronavirus

The state fuel retailers’ diesel and petrol sale in India has increased by 7.4% to 2.84 million tonnes in the first two weeks of March as compared to last year as per the preliminary industry data. Additionally, the petrol sale is also raised by 5.3% to 1.05 million tonnes in the first fortnight from a year earlier. 

Also, this is the first annual rise in diesel and petrol sale in India since October 2020. The sale of fuel in the country took a hit in March 2020 as the Indian government announced the nationwide lockdown to control the Covid-19 spread. 

Source: Money Control

India’s economic activity picks up and returned to growth in the last three months. It is also expected that it would manage pace as investors and consumers get rid of COVID-19 pandemic effects. The rise in diesel and petrol sales is noted for approx. 2/5th of the country’s overall fuel demand. 

Source: Interesting Engineering

Also Read: No Change In Diesel, Petrol Prices, It Remains Unchanged For The 12th Consecutive Day!

State gasoil companies like Hindustan Petroleum Corp, Indian Oil Corp, and Bharat Petroleum hold around 90% of India’s retail fuel outlets. As per the data, the state retailers have sold 3.3% less cooking gas in the first two weeks of March as compared to last year data. Moreover, the jet fuel sale is also decreased by 36.5% which is equal to 204,000 tonnes.

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Singh Vivek

With over 5 years of writing obituaries for a different organisation, I have a uniquely wry voice that shines through in my newest collection of articles.

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