Petrol, diesel demand rises in April as summer boosts consumption

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Petrol, diesel demand rises in April as summer boosts consumption - Business Standard

Quick Summary:

In April, diesel consumption rose to 8.23 million tonnes, up nearly 4 per cent over demand in the year ago period, according to latest data available from the Petroleum Planning and Analysis Cell of Ministry of Petroleum and Natural Gas.The consumption was 5.3 per cent more than April 2023 and 10.45 per cent higher than the previous Covid-2019 period.

India's diesel consumption rebounded in April, recording a 4 per cent increase in demand after months of low or negative growth, driven by the start of summer season with warmer days and nights.

Diesel, India's most consumed petroleum fuel and lifeline of transport and rural agri economy, saw just 2 per cent growth in demand in fiscal year ended March 31, 2024 and no growth at all in the preceding financial year.