India's fuel demand makes shaky start to 2021

The sale of diesel, the country’s most-used fuel and a proxy for economic health, dropped during January 1-15 by 6.6% from the same period in December.India’s overall petroleum demand slid in 2020 for the first time in more than two decades due to pandemic related factors.
By :
| Updated on: 18 Jan 2021, 09:38 AM
Indian Oil said that demand for petroleum products such as petrol, diesel, fuel oil and bitumen reduced substantially following the outbreak of the novel coronavirus in the country. (MINT_PRINT)
Indian Oil said that demand for petroleum products such as petrol, diesel, fuel oil and bitumen reduced substantially following the outbreak of the novel coronavirus in the country. (MINT_PRINT)
Indian Oil said that demand for petroleum products such as petrol, diesel, fuel oil and bitumen reduced substantially following the outbreak of the novel coronavirus in the country. (MINT_PRINT)
Indian Oil said that demand for petroleum products such as petrol, diesel, fuel oil and bitumen reduced substantially following the outbreak of the novel coronavirus in the country.

Indian energy demand got off to a shaky start in the new year with sales of transport and cooking fuels over the first two weeks of 2021 declining from a month earlier.

The sale of diesel, the country’s most-used fuel and a proxy for economic health, dropped during Jan. 1-15 by 6.6% from the same period in December and 3.5% from a year earlier, according to people familiar with preliminary data from the country’s three biggest retailers. Sales of gasoline, jet fuel and liquefied petroleum gas also declined month-on-month.

Similar Cars

Find More Cars
Skoda Kodiaq Petrol Bs6 (HT Auto photo)
UPCOMING
Skoda Kodiaq Petrol Bs6
Prices are currently unavailable

Motor fuel sales, however, were still 8.5% higher from a year earlier, with people favoring greater use of personal vehicles to avoid public transport as the nation struggles to contain the Covid-19 outbreak. LPG, used for cooking and heating, also posted a year-on-year gain amid plunging temperatures.

(Also read | Petrol crosses 91 mark in Mumbai, touches new high in Delhi)

India’s overall petroleum demand slid in 2020 for the first time in more than two decades after the pandemic led to lockdowns and social-distancing guidelines that crushed energy consumption. Easing coronavirus restrictions and festival demand helped to boost demand toward the end of last year, but consumption has since eased.

Spokespeople at Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. couldn’t immediately comment on the provisional data. The three retailers account for more than 90% of India’s fuel sales.


First Published Date: 18 Jan 2021, 09:38 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city