Fuel demand touches 11-month excessive, however stays under pre-Covid ranges

India’s whole gasoline demand hit an 11-month excessive in December, however nonetheless remained 2 per cent under pre-Covid ranges.
The whole demand for gasoline merchandise in December was 18.60 million tonnes, down from 18.95 million tonnes within the year-ago interval, however up 4 per cent, in comparison with November, in keeping with knowledge launched by the Petroleum Planning and Analysis Cell.

Fuel demand fell sharply in March after the federal government imposed a nationwide lockdown to curb the unfold of Covid-19. The restoration of demand for fuels has additionally been hit by periodic lockdowns in varied states which have arrange containment zones and maintained localised lockdowns to curb the unfold of Covid.
Demand for petrol was up 9.3 per cent at 2.47 million tonnes in December, whereas demand for diesel remained 2.7 per cent under pre-Covid ranges at 7.18 million tonnes in the identical interval. Petrol demand has persistently posted progress since September whereas diesel demand has solely posted progress of seven.4 per cent progress in October.