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India Diesel Demand: Diesel demand remained flat at 35.4 lakh tonnes on a monthly basis in the first fortnight of May.
New Delhi:
Demand for diesel fell in June due to less travel due to extreme heat in some parts of the country. Fuel sales, which traditionally rise during elections, have bucked the trend this year and are falling on a monthly basis. This decline continues even after the general elections are over.
Diesel sales fell 2.3% in April and 2.7% in March
Diesel sales during June 1 to 15 fell by 3.9 percent to 39.5 lakh tonnes compared to the same period last year. Demand for the country’s most widely used fuel fell by 2.3 percent in April and 2.7 percent in March. A decrease of 1.1 percent was recorded in May.
Decline in petrol and diesel prices has no impact on sales.
In mid-March, petrol and diesel prices per liter increased by Rs. 2 was cut, ending a nearly two-year hiatus of rate hikes, which should boost sales. Petrol sales fell by 3.6 percent month-on-month compared to consumption of 14.7 lakh tonnes during May 1-15. Diesel demand remained flat on a monthly basis compared to consumption of 35.4 lakh tonnes in the first fortnight of May.
Demand for aviation fuel (ATF) increased by 2.3 percent year-on-year to 331,000 tonnes between June 1 and 15, 2024.
Cooking gas (LPG) demand rose 0.1 percent year-on-year to 12.4 lakh tonnes between June 1 and 15.
