scorecardresearch
Follow Us:
Wednesday, September 22, 2021

Fuel demand picks up in July, petrol back to pre-Covid level

State-owned fuel retailers sold 2.37 million tonnes of petrol in July, up 17 per cent from the year earlier period.

By: ENS Economic Bureau | New Delhi |
Updated: August 2, 2021 10:20:29 am
fuel consumption india, Petrol consumptin, fuel demand, sale of diesel, Business news, indian express, indian express newsThis is the second straight month that showed a rise in consumption since March. (Representational)

The country’s fuel demand picked up in July as easing of pandemic-related restrictions accelerated economic activity, helping petrol consumption reach pre-Covid levels, preliminary sales data showed on Sunday.

State-owned fuel retailers sold 2.37 million tonnes of petrol in July, up 17 per cent from the year earlier period. It was 3.56 per cent higher than pre-Covid petrol sales of 2.39 million tonnes in July 2019.

Sales of diesel — the most used fuel in the country — rose 12.36 per cent to 5.45 million tonnes over the previous year, but was down 10.9 per cent from July 2019.

This is the second straight month that showed a rise in consumption since March.

Fuel demand had recovered to near-normal levels in March before the onset of the second wave of Covid infections led to the re-imposition of lockdowns in different states, stalling mobility and muting economic activity.

Consumption in May slumped to its lowest since August last year amid lockdowns and restrictions in several states.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Business News, download Indian Express App.

  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
Advertisement
Advertisement
Advertisement
Advertisement