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As second wave shut states, fuel consumption down 25% since March

SIGNALLING the affect of the second wave of Covid infections on the economic system, with most states setting up stringent curbs on motion, the consumption of gasoline — diesel, petrol and aviation gasoline — fell by 25 per cent from March, the month earlier than the surge, to Could, official figures present.

Throughout the identical interval, figures compiled by transporters present, e-way payments generated to hold items additionally fell by 45 per cent, primarily because of restrictions on motion of automobiles inside states.

In accordance with figures compiled by the Centre’s Petroleum Planning and Evaluation Cell (PPAC), the consumption of air gasoline noticed the utmost drop: 4,75,000 MT in March, 4,13,000 MT in April and a pair of,63,000 MT in Could, when the total affect of the second wave and air journey curbs imposed by at the least 9 international locations had been felt within the aviation sector.

As state after state began to impose restrictions, the consumption of petrol dropped by over 27 per cent throughout the nation between March and Could: 27,40,000 MT (March), 23,86,000 MT (April) and 19,90,000 MT (Could). The drop comes at a time when petrol costs have additionally soared, crossing Rs 100 per litre in Mumbai and Rs 95 per litre in Delhi.

Diesel, which is used extra by heavy automobiles carrying items, noticed consumption fall by 23.Four per cent between March and Could, the least among the many three fuels: 72,24,000 MT of excessive pace diesel in March, 66,83,000 MT in April and 55,35,000 MT in Could.

Put collectively, 1,04,39,000 MT of petrol, diesel and aviation gasoline had been consumed in March, which fell virtually 10 per cent to 94,82,000 MT in April and 25 per cent to 77,89,000 MT in Could.

After the nationwide lockdown imposed in March final 12 months, consumption of the three fuels – utilized in most personal and business, passenger and items automobiles, plane, and turbines – totalled 73,75,000 MT in Could 2020. That was practically double of 42,79,000 MT in April 2020, however a lot lower than February’s 1,03,61,000 MT.

This 12 months, one other indicator of the contraction in financial exercise in Could is the variety of e-way payments generated, which is important to move items value greater than Rs 50,000.

In accordance with information compiled by the All India Transporters Welfare Affiliation, one of many largest associations of street transporters within the nation, the whole variety of e-way payments generated fell by practically 45 per cent from 7.12 crore in March to three.99 crore in Could. In April, 5.88 crore e-way payments had been generated.

The drop in e-way payments generated every day got here down from 23 lakh in March to 20 lakh in April and simply 13 lakh in Could, the figures present.

In accordance with the info, intra-state e-way payments fell extra sharply than these for inter-state journey, which had no restrictions. Could is the primary month over the past 12 months when the variety of intra-state e-way payments was fewer than these generated for inter-state.

For intra-state e-way payments, 13.82 lakh had been generated every day on a median in March, coming down barely to 11.93 lakh a day in April. In Could, it fell by 60 per cent from April to simply 4.78 lakh per day, on a median.

Compared, inter-state e-way payments generated per day noticed solely a marginal decline, coming down from 9.16 lakh in March to 7.66 lakh in April — it truly went as much as 8.11 lakh in Could.

After the nationwide lockdown final 12 months, the variety of e-way payments generated was 86 lakh in April 2020 and a pair of.55 crore in Could.

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