Petrol and diesel demand in India slumps in July as monsoon sets in

India's petrol and diesel demand slumps in July as the monsoon sets in, reveals a report by PTI. The report claims that demand for petrol and diesel across the country witnessed a fall in the first half of this month, as compared to the previous month, as the onset of monsoon chipped away consumption of fuels in some of the sectors and restricted mobility as well.

By: HT Auto Desk
| Updated on: 18 Jul 2022, 07:47 AM
Follow us on:
Follow us on:
Petrol and diesel price reduction helped in surging demand in June, but monsoon impacted dented the growth. (Bloomberg)
Petrol and diesel price reduction helped in surging demand in June, but monsoon impacted dented the growth.

(Watch: This tiny V8 engine runs on Nitro, perfect for scale models)

Petrol sales slumped 7.8 per cent to 1.27 million tonnes in the first half of July when compared to 1.38 million tonnes of consumption in the same period of the previous month. Diesel, on the other hand, witnessed its consumption plummet by 13.7 per cent during July 1-15 to 3.16 million tonnes from 3.67 million tonnes of demand in the same period of the previous month, claims the report.

This slump in petrol and diesel demand comes right after the surge in demand for both in June owing to improved economic activity and excise duty cuts. Also, it was fueled by a surge in summer travel to colder areas of the country to escape from the heat and vacations during annual breaks at educational institutions.

Trending Cars

Find more Cars

With strong economic growth of 7.1 per cent, India's oil demand has been rising steadily since the country eased pandemic lockdowns in 2020. The monsoon months are traditionally low consumption months in the country when it comes to fuel purchase, but overall oil demand is expected to continue on its growth trajectory during the rest of the year, claimed the report quoting an industry official. The fuel demand is expected rise again after the monsoon during the festive season from September.

First Published Date: 18 Jul 2022, 07:47 AM IST
TAGS: fuel price
Shopping Bag Shop Now
74% OFF
Microfiber Car Cleaning Soft Brush Ideal as Mop Duster, Washing Brush with Long Handle, Dust Cleaner Car Wash Brush with Handle, Soft Brush Scratch Free, Cleaning Dashboard Curved Design - Grey
Rs. 389 Rs. 1,499
64% OFF
Antson Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable, Portable,Rechargeable Vacuum (2 in 1)
Rs. 699 Rs. 1,939
73% OFF
IDELLA Car Duster, Extendable Long Handle Microfiber Car Duster Exterior Scratch Free Car Cleaning Tool, Car Dust Brush for Truck, Pickup, SUV, RV, Motorcycle, Vehicles Cleaning,(Multicolor)
Rs. 239 Rs. 899
1% OFF
GOODAIR Clear Car Windshield Enhancer | Classic |12 Tablets
Rs. 295 Rs. 299

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
Powered by: Acko Logo
Please be noted that any information provided herein above will be received by Acko General Insurance Limited (“Acko”). By mentioning the above information, you agree to provide these details and information to Acko.
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.