Fuel sales fall in April as petrol, diesel prices increase sharply
Zee News
State-owned oil firms on March 22 ended a 137-day hiatus in rate revision and began passing on a USD 30 per barrel increase in cost of raw material (crude oil) during that period when five states including Uttar Pradesh went to polls.
New Delhi: India's fuel sales fell in the first half of April as a record rise in prices in a short 16-day period dented demand, preliminary industry data showed on Saturday. Petrol sales fell almost 10 per cent in the first half of April when compared with the same period in the preceding month, while diesel demand slid 15.6 per cent.
Even cooking gas LPG, which had consistently shown growth even during the pandemic period, saw a 1.7 per cent month-on-month fall in consumption during April 1-15.
State-owned oil firms on March 22 ended a 137-day hiatus in rate revision and began passing on a USD 30 per barrel increase in cost of raw material (crude oil) during that period when five states including Uttar Pradesh went to polls.
Petrol and diesel prices rose by Rs 10 per litre between March 22 and April 6 -- the highest ever increase during a 16-day period since fuel prices were deregulated two decades back.
On March 22, cooking gas prices too were hiked by Rs 50 per cylinder to Rs 949.50 -- the highest-ever rate for the subsidised fuel.
