NEW DELHI: India consumed 3% less diesel in September than a year ago monsoon tensions tempered in different parts of the country ask but the pace of growth sales of gasoline gained steam with a record level of 5.4% car salesThis is evident from preliminary data from the sector.
Consecutive, however diesel sales posted growth of 2.5% in August and gasoline growth of 5.6%, indicating the positive foundation needed for demand to recover.
Diesel sales, a key indicator of economic activity, have been slow since the onset of the monsoon in June. This is a seasonal phenomenon, as rain disrupts demand from the construction and agricultural sectors, while flooding in parts of the country hinders the movement of people and goods.
Petrol sales have managed to remain in the positive zone in terms of people’s continued preference for personal vehicles for both local and intra-city transportation, given the sweltering heat. Gasoline sales saw the lowest annual growth of 0.4% in August.
Jet fuel sales rose 9.5% from a year ago as momentum in passenger traffic growth slowed slightly ahead of the start of the holiday season. Jet fuel sales posted devastating growth of 10.3% and 9.5% respectively in July and August.
The consumption of LPG, which is mainly used as household cooking gas, increased by 6% compared to the same period last year. Part of the growth is attributed to a Rs 200 reduction in the price of refills announced by the government on August 29.
On a monthly basis, jet fuel sales showed a miniscule decline of 0.4% from August, while LPG consumption rose 7.3%.
Consecutive, however diesel sales posted growth of 2.5% in August and gasoline growth of 5.6%, indicating the positive foundation needed for demand to recover.
Diesel sales, a key indicator of economic activity, have been slow since the onset of the monsoon in June. This is a seasonal phenomenon, as rain disrupts demand from the construction and agricultural sectors, while flooding in parts of the country hinders the movement of people and goods.
Petrol sales have managed to remain in the positive zone in terms of people’s continued preference for personal vehicles for both local and intra-city transportation, given the sweltering heat. Gasoline sales saw the lowest annual growth of 0.4% in August.
Jet fuel sales rose 9.5% from a year ago as momentum in passenger traffic growth slowed slightly ahead of the start of the holiday season. Jet fuel sales posted devastating growth of 10.3% and 9.5% respectively in July and August.
The consumption of LPG, which is mainly used as household cooking gas, increased by 6% compared to the same period last year. Part of the growth is attributed to a Rs 200 reduction in the price of refills announced by the government on August 29.
On a monthly basis, jet fuel sales showed a miniscule decline of 0.4% from August, while LPG consumption rose 7.3%.
