8/18/22, 11:05 AM India's fuel demand continues to fall in August as monsoon sets in - The Economic Times

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Business News › Industry › Energy › Oil & Gas › India's fuel demand continues to fall in August as monsoon sets in Entertainment
Media

India's fuel demand continues to fall in August as

monsoon sets in
2
PTI Last Updated: Aug 16, 2022, 10:54 PM IST
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Synopsis
The arrival and intensity of monsoon weigh heavily on diesel demand in the country and
consumption traditionally is lower in July-September than in April-June. Monsoon
restricts mobility and demand from the farm sector, which uses diesel in irrigation
pumps and trucking, also drops with the onset of rains.

New Delhi: Diesel demand in India fell

Agencies

for the second month in a row as the

onset of monsoon chipped away Tested, trusted & admired website for
smallcap stocks.
consumption in key sectors like
AD 10PAISA.COM SUBSCRIBE
agriculture, preliminary industry data
showed Tuesday. Petrol and diesel
demand had fallen month-on-month in Popular in Energy
July. While petrol consumption is 1. Mahanagar Gas cuts prices of
With strong economic growth of 7.1 per cent,
CNG by 6 rupees per kg, PNG
India's oil demand has been rising steadily since almost flat in the first half of August, by 4 rupees
the country eased pandemic lockdowns.
diesel - the most widely used fuel in the
country - saw demand drop 11.2 per cent during August 1-15 to 2.82 million
tonnes from 3.17 million tonnes in the same period of the previous month. 2. Indian Oil aims to restart
Paradip refinery from mid-
Sept -sources

The arrival and intensity of monsoon weigh heavily on diesel demand in the
country and consumption traditionally is lower in July-September than in 3. IOC to sell 7 hydrogen units

April-June. Monsoon restricts mobility and demand from the farm sector,
which uses diesel in irrigation pumps and trucking, also drops with the onset
of rains.
4. BPCL to spend Rs 1.4 lakh cr

on petchem, gas business

Diesel demand was, however, 32.8 per cent higher year-on-year, supported by
strong economic growth and a relatively low baseline for the same period in
2021 when the second wave of COVID-19 had impacted the economy.

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