India's Diesel Demand

Petrol and diesel sales in India jumped to a four-month high in October, as the festive season brought back demand that had been quelled by extended monsoon rains, preliminary industry data showed on Tuesday. Petrol sales soared 12.1 per cent to 2.78 million tonnes in October, as compared to 2.48 million tonnes of consumption in the same month last year. Sales were 16.6 per cent higher than in COVID-marred October 2020 and 21.4 per cent more than in pre-pandemic October 2019. Demand, which had dipped 1.9 per cent month-on-month in September, was up 4.8 per cent higher. Diesel, the most used fuel in the country, posted a 12 per cent rise in sales in October to 6.57 million tonnes, when compared to the same month last year. Consumption was up 6.5 per cent over October 2020 and 13.6 per cent higher than pre-COVID 2019. The fuel, which had seen a near 5 per cent drop in sales in August, when compared to the previous month of July, saw demand rise 9.7 per cent month-on-month. Petrol

India's fuel sales soared in the first half of October with an across-the-board surge in transportation fuel demand on the back of the economic activity picking up as festival season kicked in, preliminary industry data showed. Petrol and diesel sales jumped 22-26 per cent year-on-year while also rising month-on-month in the first half of October. Petrol sales soared 22.7 per cent to 1.28 million tonne during October 1-15 when compared to 1.05 million tonne of consumption in the same period last year. Sales were 31 per cent higher than COVID-marred first half of October 2020 and 33.4 per cent more than pre-pandemic October 1-15, 2019. Demand was 1.3 per cent higher than the first half of September 2022. Diesel, the most used fuel in the country, posted a near 27 per cent rise in sales in the first fortnight of October to 3.08 million tonne when compared to the same period last year. Consumption was up 16 per cent over October 1-15, 2020 and 26.6 per cent higher than pre-COVID 2019

Fuel demand in India, the world's third biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are hit by heavy floods

Indian state fuel retailers' diesel sales rose 7.4% in the first fortnight of March from a year earlier to 2.84 million tonnes, preliminary industry data showed

The annual growth rate for diesel consumption won't get back to pre-virus levels until the year ended March 2022, said Mukesh Kumar Surana, chairman of Hindustan Petroleum Corp.

The rebound in diesel demand is crucial for ramping up crude processing by Indian refiners after consumption was crushed by a strict lockdown

Sales by India's top three fuel retailers rose 8.8 per cent from a year earlier during the first half of October to 2.65 million tons, according to preliminary figures

After petrol, diesel demand has returned to pre-Covid-19 levels as sales rose 8.8 per cent in the first half of October from a year ago, preliminary industry data showed

State-run Indian Oil Corporation on Monday said demand for diesel in West Bengal has declined 20 per cent during the current fiscal so far as industries are not fully operational amid Covid-19

Farmers' exasperation was driven by diesel prices bloated by a fivefold jump in central government taxes over the last five years.

Production cuts in the manufacturing sector is bound to reflect on energy consumption numbers

Sales of gasoline, or petrol, rose 8.9% in October from a year earlier, to 2.54 million tonnes

India's fuel demand fell to its lowest in more than two years in September, with consumption of diesel at its weakest since January 2017

BPCL will soon float tenders to seek term contracts for diesel exports

Still India's diesel demand growth in 2017 accounts for 1/3rd of Asia's demand growth for fuel