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India's Sept diesel sales remain below pre-COVID levels

Thu 16th September, 2021 8:43am
NEW DELHI, Sept 16 (Reuters) - India's gasoil consumption
slowed in the first half of September from the previous month,
staying below pre-COVID levels as a pick-up in monsoon rains hit
mobility and demand for fuel from the agriculture sector,
preliminary sales data showed.
    Diesel sales by the country's state fuel retailers came in
at 2.1 million tonnes during Sept. 1-15, a decline of about 1.5%
from last year and down 6.8% from the same period in 2019, the
data showed.
    State retailers Indian Oil Corp  IOC.NS , Hindustan
Petroleum Corp  HPCL.NS  and Bharat Petroleum Corp Ltd  BPCL.NS 
own about 90% of the country's retail fuel outlets.
    Sales of gasoil, which accounts for about two-fifths of
India's overall refined fuel consumption, are directly linked to
industrial activity in Asia's third-largest economy.
    India's monsoon rains revived this month after a patchy
spell in August. Local gasoil sales during Sept. 1-15 was down
by about 0.9% from the same period in August, the data showed.
    Improved electricity supplies also contributed to a decline
in demand for diesel.
    In contrast, gasoline sales stayed above the pre-COVID
levels at 1.02 million tonnes as people continued to prefer
using personal vehicles over public transport and shared
mobility for safety reasons.
     India has not yet fully opened its public transport sector,
which mostly use diesel. 
    September gasoline sales were up 8.3% from the same period
in 2019 and rose by 3.4% from August, the data showed.
    Below is a table of India' preliminary fuel sales data with
volumes in thousand tonnes.
           Refined Fuel       Sep.  %chg from  %chg    %chg vs
                              1-15  Aug 1-15   yr/yr   Sept 2019
                                                                
 Gasoline                  1023.20       3.43    5.71       8.28
 Gasoil                    2102.06      -0.93   -1.49      -6.82
 Jet Fuel                   180.59       8.74   29.43     -41.33
 Liquefied Petroleum Gas   1155.03       8.69    1.97      14.87
 
 (Reporting by Nidhi Verma; Editing by Sherry Jacob-Phillips)
 ((nidhi.verma@thomsonreuters.com; +91 11 49548031; Reuters
Messaging: nidhi.verma.thomsonreuters.com@reuters.net))
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