Petroleum products’ sales at seven-month low in April

Petroleum products’ sales at seven-month low in April

Consumption of bitumen, mostly used in road construction, decreased 27.2% in April from March levels.Consumption of bitumen, largely utilized in street development, decreased 27.2% in April from March ranges.

Consumption of Petroleum merchandise fell to 17 million tonne (MT) in April, the bottom recorded since September, 2020 signalling that the re-imposition of lockdown curbs with the second wave of the coronavirus in lots of areas has slowed industrial and industrial consumption.

Diesel gross sales, which contribute to round 40% of the whole consumption of petroleum merchandise, was 7.5% decrease in April than the earlier month. Petrol gross sales had been the bottom since August 2020, and down 13% from the earlier month to 2.4 MT. Total consumption of petroleum merchandise within the month was, nevertheless, 81.5% increased yearly, primarily on a decrease base of abnormally muted gross sales in April 2020.

Associated Information

In line with provisional knowledge by the federal government’s petroleum planning and evaluation cell (PPAC), the consumption volumes in April had been 145% increased on a year-on-year (y-o-y) foundation for petrol and 105% for diesel. A rustic-wide lockdown was in power throughout April 2020 which had suppressed consumption.

Demand for the aviation turbine gasoline (ATF) in April, at 409 thousand tonne, was greater than seven occasions increased than the corresponding interval final 12 months, however recorded a 13.9% fall from March ranges with states beginning to impose restriction on inter-state journey. Gross sales of liquefied petroleum gasoline (LPG) was at a ten-month low at 2.1 MT in April. Consumption of bitumen, largely utilized in street development, decreased 27.2% in April from March ranges.

Home consumption of petroleum merchandise in FY21 fell 9.1% y-o-y to 194.7 MT, marking the primary 12 months to report a drop since FY99. PPAC doesn’t present knowledge earlier than FY99. Diesel utilization dipped 11.9% to 72.7 MT in FY21, whereas demand of petrol fell 6.7% to 27.9 MT. Consumption of petroleum merchandise had moderated even earlier than the pandemic and home gross sales of petroleum merchandise in FY20 had inched up 0.2% y-o-y to 213.7 MT.

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