New Delhi: Indian gasoline sales in the first two weeks of July shots passed the pre-virus level for the first time since locking in 2020 when the country returned to business after the second covid wave and lifting travel travel encouraged people to hit the highway to find a cooler climate , According to temporary data, the government-managed fuel retailer, which controls 90% of the market, sells 3.4% more gasoline than the same period in 2019.
Compared to the same period last year, sales are 18% higher.
On a monthly basis, consumption is 14% more than June.
Also read the price of high fuel that forces people to cut spending on health, utilities: SBI reportfuel prices that regarding the highest record have become a cause of concerns since the last few months, so much so that now eating as an ordinary person’s essential consumption expenditure, said report by the research team The Bank of India’s Bank of State (SBI) economy.
Diesel consumption, indicators of economic activity, fell by around 11% from the same period in 2019.
Compared to last year, however, sales rose 13%.
On a monthly basis, sales seem to lose steam, it remains almost the same as June when the rainy season reduced demand from the agricultural and construction sector.
Last month, gasoline consumption has posted a monthly growth of almost 30% and diesel more than 18% to reach 90% and 81%, respectively, from the pre-pandemic period.
The consumption of jet fuel in the first half of this month fell 56% from the same period in 2019.
But compared to last year, sales of more than 20% higher.
In an encouraging sign, consumption currently marks 19% growth during June, mostly on vacation trips.
Consumption of LPG, or gas cooking households supplied in the cylinder, almost 5% lower than 2019 but marks growth of more than 2% last year.
On a monthly basis too, warm growth is around 1%.
It’s not surprising that cooking in the summer requires lower fuel than in winter, when households also use it to heat water.
Read Alsosoaring Plastics, Diesel Prices pose a threat to Indian recovery and inflation pump prices in areas that are not considered as a government retribution that continues to increase with a rough recovery from the depth of Pandemic Covid-19.
The government expects a request to return to the pre-level pandemic at the end of this year.
“There are signs of request requests …
We are sure at the end of the year, we will be in a very strong position to recover our original consumption behavior,” Former Oil Minister Dharmendra Pradhan said to industrial function on July 1 a week before he moved to the Ministry HRD.
Gasoline sales of pre-virus levels for the first time since locking
