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India Business News: NEW DELHI: Polls have failed to propel diesel consumption out of the slow lane but boosted demand for petrol, jet fuel and cooking gas in April, while.
While petrol sales were up mostly due to an increase in the use of personal vehicles on the back of a price cut, crop harvesting season and the onset of summer, which will increase the demand for air conditioning in cars as well as the electioneering holds out hope for reversing the trend in diesel demand.
The consumption of diesel, which accounts for 38% of total refined products demand in the country, had contracted 3% year-on-year in November after an unusual 6% growth in the April-October period. Diesel is mainly used in long-haul transport, backup generators, mining, and farming.
Diesel Demand: The consumption of diesel, which accounts for 38% of total refined products demand in the country, had contracted 3% year-on-year in November after an unusual 6% growth in the April-October period. Diesel is mainly used in long-haul transport, backup generators, mining, and farming.
The Ministry of Petroleum and Natural Gas said this in light of a massive increase in demand for petrol and diesel during the first half of June.