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Market Cap £4.55bn
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India's gasoil demand dips in first half of November - data

Tue 16th November, 2021 9:21am
By Nidhi Verma
    NEW DELHI, Nov 16 (Reuters) - India's gasoil demand
contracted by about a fifth during the first fifteen days of
November from the pre-COVID levels, after a festive season led
brief recovery last month, preliminary sales data of state-run
refiners showed.
    India's gasoil consumption, which accounts for about
two-fifths of the country's fuel demand, typically rises during
a month-long festival season that ended earlier this month with
the celebration of Diwali as diesel-guzzling trucks hit the road
and industrial activity gathers pace.
    Gasoil consumption totalled 2.43 million tonnes between Nov.
1-15, a decline of about 15.3% from last year and down 19.35%
from the same period in 2019, the data showed.
    In contrast, gasoline sales continued to stay above
pre-COVID levels, rising to 1.04 million tonnes, as people
continued to prefer using personal vehicles over public
transport for safety reasons.
    Gasoline sales in the first half of November were up 1.2%
from the same period in 2019 and rose by 0.5% from last year,
the data showed.
    State retailers - Indian Oil Corp  IOC.NS , Bharat Petroleum
Corp  BPCl.NS  and Hindustan Petroleum Corp  HPCL.NS  - control
about 90% of the fuel stations in the country.
    Below is a table of India' preliminary daily fuel sales data
with volumes in thousand tonnes.
    
           Refined Fuel       Nov.  %chg from  %chg    %chg vs
                              1-15  Oct 1-15   yr/yr   Nov 2019
                                                                
 Gasoline                  1041.04      -0.94    0.54       1.24
 Gasoil                    2430.39       0.28  -15.33     -19.35
 Jet Fuel                   212.23       4.93   22.03     -36.20
 Liquefied Petroleum Gas   1121.70       0.38    4.91       1.87
 

 (Reporting by Nidhi Verma; Editing by Shailesh Kuber)
 ((nidhi.verma@thomsonreuters.com; +91 11 49548031; Reuters
Messaging: nidhi.verma.thomsonreuters.com@reuters.net))
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