The nation’s gasoline consumption elevated in March 2021, for the primary time in three months, to its highest determine recorded since December 2019. The petrol gross sales final month registered a development of 27.four per cent year-on-year, whereas diesel consumption additionally went up 27.6 per cent year-on-year. This was a results of the financial system that picked up steadily after the COVID-19 induced lockdown. The sale or consumption of gasoline is a proxy for the oil demand. In response to knowledge from the Ministry of Petroleum and Pure Fuel, gasoline consumption elevated 17.9 per cent to 18.eight million tonnes year-on-year in March 2021.
Petrol gross sales (demand) elevated 11.four per cent to 2.74 million tonnes final month and round 27 per cent on year-on-year foundation. The consumption of diesel, which is taken into account to be a significant parameter of financial development, accounting for round 40 per cent total refined gasoline gross sales within the nation, elevated 10 per cent final month. Diesel gross sales elevated 27.6 per cent on year-on-year foundation.
Cooking gasoline or liquified petroleum gasoline (LPG) registered a lower in gross sales. Gross sales of cooking gasoline had been 1.three per cent decrease than final 12 months at 2.26 million tonnes.