Petroleum Products Demand Rises 2.6% In June
Petrol sales rose by 4.6 per cent, supported by new vehicle sales and heightened holiday travel
India saw a 2.6 per cent year-on-year (YoY) increase in domestic demand for petroleum products in June, driven by growth in petrol and jet fuel consumption.
According to data from the oil ministry, petrol sales rose by 4.6 per cent, supported by new vehicle sales and heightened holiday travel. Diesel, which constitutes 40 per cent of the nation's petroleum product sales, saw only a 1 per cent rise. In comparison, petrol accounts for 17 per cent of total sales, while LPG makes up 12 per cent.
LPG, predominantly used for cooking, recorded a 3.2 per cent increase in sales. Jet fuel consumption saw a 10 per cent surge, attributed to a rise in holiday travel. Additionally, bitumen sales, essential for road construction, grew by 4.2 per cent, and the usage of polluting petcoke increased by 2 per cent.
The relatively modest growth in diesel sales reflects a continued shift from diesel-powered to petrol-powered passenger vehicles, a trend that has been ongoing for several years. Also, Indian Railways' transition to electricity has contributed to reduced diesel consumption, particularly in long-haul transport, mining, irrigation and backup generators.
