India's Petrol Sales Rise 5% In June, Cooking Gas Demand Up 9%

Sales of petrol, increased around 5.7 per cent from the same period last year and jumped 21 per cent from May to 2.41 million tonnes, while diesel fell 1.6 per cent year on year to 6.20 million tonnes

The country's fuel demand recovered last month after slumping to a nine-month low in May, as restrictions to curb the spread of the pandemic were eased and mobility picked up. Fuel consumption, a proxy for oil demand, rose eight per cent from May to 16.34 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Friday. A second COVID-19 wave, which stalled mobility and dulled economic activity, dragged fuel consumption to its lowest since August in May. Pandemic infections have, however, eased from May's peak, prompting a 1.5 per cent year-on-year increase in fuel demand last month.