The growth in sales of petrol and diesel in India in April 2022 has been moderate.
The growth in sales of petrol and diesel in India in April 2022 has been moderate. At the same time, the consumption of LPG domestic LPG has decreased. Demand has been affected due to fuel prices reaching record high levels.
Petrol in India in April 2022 ,Petrol, and diesel (Diesel) Sales growth has been moderate. Whereas, domestic LPG LPG (LPG Gas) consumption has decreased. fuel (Fuel) Demand due to price of Rs. (Demand) has been affected. This information has been received from the preliminary data of the industry on Sunday. The growth in petrol sales in April 2022 as compared to March 2022 has been 2.1 percent. Whereas, the demand for diesel has been almost flat. The consumption of LPG, whose demand continued to increase even during the pandemic, has also declined by 9.1 per cent in April on a monthly basis.
Public sector petroleum companies had raised petrol and diesel prices for the first time on March 22 after keeping them stable for nearly four-and-a-half months. After that, the prices of petrol and diesel were increased by a total of Rs 10-10 per liter in 16 days till 6 April.
The effect of the increase in the price of cooking gas is visible
The price of domestic LPG was also increased by Rs 50 per cylinder on 22 March, after which the price of subsidized 14.2 kg LPG cylinder in Delhi reached Rs 949.50. Due to this price hike, there has been a moderation in consumption.
According to preliminary data from the petroleum industry, public sector petroleum companies sold 2.58 million tonnes of petrol in April, which is about 20.4 per cent more than the same period last year and 15.5 per cent more than the same period of 2019. However, as compared to March 2022, consumption has been only 2.1 percent more.
The sale of diesel, the most widely used fuel in the country, has grown by 13.3 per cent year-on-year to about 66.9 million tonnes. This is 2.1 per cent higher than the April 2019 sales, but just 0.3 per cent higher than the 6.67 million tonnes consumed in March this year.
In the first fortnight of March, the sales of petrol and diesel had increased by 18 per cent and 23.7 per cent, respectively. Diesel sales in March were the highest in any month in the last two years. In April, LPG consumption fell by 9.1 per cent on a monthly basis to 22 lakh tonnes. This is 5.1 percent more than in April 2021.
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