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Published On: Thursday, April 9, 2020 | By: Team KnowMyStock
Diesel, the most consumed fuel in the country, saw demand contract by 24.23 per cent to 5.65 million tonnes. This is the biggest fall in diesel consumption the country has recorded as most trucks went off-road and railways stopped plying trains. as the 21-day nationwide lockdown enforced to prevent the spread of COVID-19 took most cars and two-wheelers off the road.
With flights grounded since mid-March, ATF consumption fell 32.4 per cent to 4,84,000 tonnes. The only fuel that showed growth was LPG as households rushed to book refills for stocking during the three-week lockdown period. LPG sales rose 1.9 per cent to 2.3 million tonnes in March.
This is the first estimate of total petroleum product consumption in the country. This includes sales by both public and private sector companies. Previously, provisional numbers of the three public sector oil marketing companies — Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) — were released that also showed a 17 per cent drop in petrol and 26 per cent slump in diesel sales in March.
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