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India's fuel sales drop 9.4% in April on COVID wave

Synopsis
Fuel consumption fell 9.38 per cent to 17.01 million tonnes in April from 18.77 million tonnes in March, data from Oil Ministry s Petroleum Planning and Analysis Cell (PPAC) showed.
Agencies
Declining fuel sales will reduce crude intake by refiners, reducing operating run rate.
India s fuel demand slumped 9.4 per cent in April when compared to the preceding month as lockdowns clamped in several states to curb the second wave of coronavirus sweeping the nation pummelled demand, official data showed on Wednesday.
Fuel consumption fell 9.38 per cent to 17.01 million tonnes in April from 18.77 million tonnes in March, data from Oil Ministry s Petroleum Planning and Analysis Cell (PPAC) showed. ....

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India's fuel demand drop 9.4% in April due to Covid-19 second wave

India s fuel demand slumped 9.4 per cent in April when compared to the preceding month as lockdowns clamped in several states to curb the second wave of coronavirus sweeping the nation pummelled demand, official data showed on Wednesday.
Fuel consumption fell 9.38 per cent to 17.01 million tonnes in April from 18.77 million tonnes in March, data from Oil Ministry s Petroleum Planning and Analysis Cell (PPAC) showed.
India was under one of the world s severest lockdowns in April 2020, bringing to a halt almost all economic activity. Fuel sales had halved that month, plunging to the lowest since 2006. Comparing on a yearly basis, fuel demand surged 81.5 per cent from April 2020 lows. ....

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India's fuel sales drop 9.4 per cent in April on COVID wave

India s fuel sales drop 9.4 per cent in April on COVID wave
Fuel consumption fell 9.38 per cent to 17.01 million tonnes in April from 18.77 million tonnes in March, data from Oil Ministry s Petroleum Planning and Analysis Cell showed.
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By PTI
NEW DELHI: India s fuel demand slumped 9.4 per cent in April when compared to the preceding month as lockdowns clamped in several states to curb the second wave of coronavirus sweeping the nation pummelled demand, official data showed on Wednesday.
Fuel consumption fell 9.38 per cent to 17.01 million tonnes in April from 18.77 million tonnes in March, data from Oil Ministry s Petroleum Planning and Analysis Cell (PPAC) showed. ....

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Fuel demand slumps 9.4% in April on COVID second wave

Fuel demand slumps 9.4% in April on COVID second wave
PTI
India s fuel demand slumped 9.4 percent in April when compared to the preceding month as lockdowns clamped in several states to curb the second wave of coronavirus sweeping the nation pummelled demand, official data showed on Wednesday.
Fuel consumption fell 9.38 percent to 17.01 million tonnes in April from 18.77 million tonnes in March, data from Oil Ministry s Petroleum Planning and Analysis Cell (PPAC) showed.
India was under one of the world s severest lockdowns in April 2020, bringing to a halt almost all economic activity. Fuel sales had halved that month, plunging to the lowest since 2006. Comparing on a yearly basis, fuel demand surged 81.5 percent from April 2020 lows. ....

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Fuel consumption falls 9.1% in FY21; first drop since 1998-99

Stringent lockdown led to the contraction in demand
India’s fuel demand contracted by a massive 9.1% in the financial year ended March 31, the first in more than two decades, as a stringent lockdown imposed to curb the spread of the pandemic pummelled economic activity, government data showed on Friday.
India consumed 194.63 million tonnes of petroleum products in 2020-21 as compared with 214.12 million tonnes demand in the previous year, according to the latest data released by the Oil Ministry’s Petroleum Planning and Analysis Cell .
This is the first time fuel consumption has contracted since 1998-99, the most historical year for which government data is available. ....

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