Rising fuel sales signal economic recovery
21 Feb 2021 - 11:48
By Sachin Kumar | The Peninsula
Doha: The economic recovery in Qatar continues to grow stronger. The sale of fuel (petrol and diesel) in the country has shown a consistent growth in the past quarters, showing acceleration in economic activity.
Retail fuel sales volume in Qatar have shown upward trend in the third quarter (July, August, September) and fourth quarter (October, November, December) of 2020.
Retail diesel sale was 192 MM liters during the second quarter of last year, which went up to 229 MM liters in the third quarter of 2020, showing a surge of around 19 percent, according to data from Qatar Fuel Company (Woqod). The share of Woqod in the petroleum retail market was about 85 percent at the end of last year.