Source:- Getty Images; There has been a dip in diesel sales in August amid pandemic
Due to the re-imposition of lock-down, the industrial work has declined because of which consumption of diesel fell, as a result, there is a piece of less working machinery in the industry. Less sale of commercial vehicles also placed a full stop in the rise of diesel sales.
According to the provisional data of the Petroleum Planning & Analysis Cell (PPAC),
petrol sales were down to 7.5% annually in August, but consumption volumes were 5.4% higher than the preceding month.
Demand for the Aviation Turbine Fuel (ATF) fell 61.1% annually in this period but shown a rise of 9.9% from July level with the opening of the domestic aviation sector.
LPG was only the product that shown some growth during the lock-down period due to the scheme of government of free cylinder refills for poor households. However, the LPG sale dropped 53% year-on-year in August.
There was a 0.2%in FY20 in the petroleum product year-on-year (y-o-y) to 213.7MT.
The consumer of power fell by 1.6% year-on-year (y-o-y) to 109 billion units in August due to the lock-down. Electricity consumption in August was 2.2% lower than in July.