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Petrol, diesel sales skid as winter sets in

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Petrol, diesel sales skid as winter sets in
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2 Jan 2024 6:47 AM IST

Volatile Fuel Consumption

  • Transport sector accounts for 70% of all diesel sales
  • Demand for both petrol and diesel rose in Oct
  • But diesel consumption fell 7.5% in Nov
  • Petrol consumption in Dec was 7.1% higher than in Covid-marred Dec 2021 and 21.5% more than in pre-pandemic Dec 2019

New Delhi: Petrol and diesel sales in India slumped in December as setting in of winter tapered demand, preliminary data of state-owned firms showed on Monday. Petrol sales of the three state-owned firms, which control 90 per cent of the fuel market, fell 1.4 per cent to 2.72 million tonnes (MT) in December 2023 when compared to the year-ago period, while diesel demand dropped 7.8 per cent to 6.73 million tonnes. The onset of the winter season in northern India led to the tapering of air-conditioning demand.

Month-on-month petrol sales dropped 4.9 per cent when compared to 2.86 million tonnes consumption in November. Diesel demand too was down 0.8 per cent month-on-month when compared to 6.79 million tonnes in November. Diesel is India’s most consumed fuel, accounting for almost 40 per cent of all petroleum product consumption.

Petrol Diesel Fuel Sales Winter Season Air-conditioning Demand Petroleum Product Consumption 
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