Fuel Sales Down: Due to the ever-increasing fuel prices, there has been a decline in sales. There has been a record increase in prices in the last 16 days, which is directly affecting the sales. Fuel sales declined in the first 15 days of April. The petroleum industry has given information about this by releasing the data.
How much has the demand for petrol and diesel decreased?
According to the data, in the first 15 days of April compared to the first fortnight of March, the sale of petrol was about 10 per cent lower and the demand for diesel has also decreased by 15.6 per cent. Similarly, between April 1 and 15, the consumption of domestic cooking gas LPG has also registered a decline of 1.7 percent on a monthly basis.
Rates increased after four and a half months
Public sector oil companies had raised prices for the first time on 22 March after keeping the prices of petrol and diesel stable for nearly four and a half months. After that till April 6, that is, within 16 days, the prices of petrol and diesel were increased by Rs.10-10 per liter.
Gas cylinder prices also increased by Rs 50
Domestic cooking gas prices were also increased by Rs 50 per cylinder on March 22, after which the price of non-subsidised 14.2 kg LPG cylinder in Delhi went up to Rs 949.50.
Aircraft fuel prices also increased
There was also an increase in the prices of ATF used as fuel in aircraft. After the increase in rates, the new price has gone up to Rs 1,13,202.33 per kiloliter and its sales have declined by 20.5 percent on a monthly basis.
how much was the sale
According to preliminary data from the petroleum industry, public sector oil companies sold 11.20 lakh tonnes of petrol between April 1 and 15, which is about 12.1 percent more than the same period last year and 19.6 percent more than the same period of 2019. However, the consumption of petrol is lower by 9.7 per cent as compared to the same period in March 2022. In the first fortnight of March, oil companies had sold a total of 12.4 lakh tonnes of petrol.
How much was the sale of diesel?
Sales of diesel, the country’s most widely used fuel, grew 7.4 per cent year-on-year to nearly three million tonnes. This is 4.8 percent more than the sales of March 2019 but 15.6 percent less than the sales of 35.3 million tonnes between March 1 and March 15 this year.
Diesel sales record for 2 years broken in March
Petrol and diesel sales increased by 18 per cent and 23.7 per cent, respectively, in the first fortnight of March. Diesel sales in March were the highest in any month in the last two years.
Prices were expected to rise in March
Industry sources say that anticipating a rise in prices in the first fortnight of March, people filled the tanks of their vehicles. Similarly, petrol pump dealers also filled mobile browsers or tanker trucks with their storage tanks, so the consumption of petrol and diesel declined as the prices rose.