Petrol gross sales in June rose by about 36% from Could to about 2.04 million tonnes, whereas diesel gross sales, which accounts for about two-fifths of the nation’s total gasoline gross sales, rose by about 20% in June in contrast with Could to five.54 million tonnes.
Petrol and diesel gross sales in June are nonetheless down by about 15% and 17.1% respectively from a 12 months earlier
India’s gasoline consumption rose in June in contrast with Could, persevering with with a gradual restoration as industrial and transport sectors reopened after a stringent lockdown, a authorities assertion issued on Wednesday mentioned. Gasoline consumption – a proxy for oil demand in Asia’s third largest financial system – totalled 11.eight million tonnes in June, a decline of about 12% from a 12 months earlier, it mentioned. The nation’s gasoline demand nearly halved in April to the bottom since 2007 because the nation got here to a standstill after it went right into a lockdown on March 24 to curb the unfold of the coronavirus.
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State-retailers’ petrol gross sales in June rose by about 36% from Could to about 2.04 million tonnes. Gross sales of diesel, which accounts for about two-fifths of the nation’s total gasoline gross sales, rose by about 20% in June in contrast with Could to five.54 million tonnes. Nonetheless, petrol and diesel gross sales in June are nonetheless down by about 15% and 17.1% respectively from a 12 months earlier.
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Oil minister Dharmendra Pradhan final week mentioned gasoline demand might normalise by the top of September. State corporations Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum personal about 90% of the retail gasoline retailers in India.
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Gross sales of liquefied petroleum gasoline (LPG) rose practically 17% in June from a 12 months in the past whereas jet gasoline declined by 67.3% throughout the identical interval. Demand for industrial fuels equivalent to petcoke, naphtha and marine gasoline additionally rose in June in comparison with a 12 months earlier, indicating a pick-up in industrial exercise.
To satisfy rising gasoline demand, state refiners boosted crude processing to about 85% of designed capability in comparison with about 55% firstly of April, the assertion added.
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