Domestic sales of gasoline and diesel by Indian state refiners plunged by a fifth in the first half of May from a month earlier as lockdowns to curb coronavirus infections hit industrial activities and consumption, preliminary data showed on Monday. Gasoline and diesel sales over May 1-15 fell by about 20 per cent, while jet fuel consumption slumped by nearly 38 per cent, versus April 1-15 levels, the data compiled by the state refiners showed. Trucking activity is almost half of what it used to be in normal times, SP Singh, senior fellow at Indian Foundation of Transport Research & Training, said. Most of the business that they were getting from small and medium business has been hit due to lockdowns, Singh said, adding only a fraction of 5.5 million trucks is currently running on roads due to lockdowns.
IndiaFuel demand in COVID-hit India plunges in May - data
Nidhi Verma
3 minute read
Domestic sales of gasoline and diesel by Indian state refiners plunged by a fifth in the first half of May from a month earlier as lockdowns to curb coronavirus infections hit industrial activities and consumption, preliminary data showed on Monday.
Gasoline and diesel sales over May 1-15 fell by about 20%, while jet fuel consumption slumped by nearly 38%, versus April 1-15 levels, the data compiled by the state refiners showed. Trucking activity is almost half of what it used to be in normal times, SP Singh, senior fellow at Indian Foundation of Transport Research & Training, said.
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