Rises sequentially for third straight month.
India’s gas demand fell 3.6% year-on-year in November, reversing the return to regular consumption ranges attained within the earlier month.
Complete demand for petroleum merchandise in November fell to 17.83 million tonnes from 18.51 million tonnes a yr earlier, provisional knowledge printed by the Oil Ministry’s Petroleum Planning and Evaluation Cell confirmed.
Gasoline consumption, nonetheless, posted a month-on-month improve for the third straight month, helped by reviving transportation and enterprise exercise.
India consumed 17.75 million tonnes in October — the month wherein gas demand posted its first yearly improve since February as a spurt in diesel demand forward of the pageant season pushed consumption to pre-COVID-19 ranges. In October, demand for petroleum merchandise rose 2.5% in contrast with the yr precedent days.
Whereas petrol had reached pre-COVID-19 ranges in September itself, diesel consumption returned to regular in October. Nonetheless, its demand fell once more in November.
Diesel demand, which had soared 7.4% year-on-year in October, dropped 6.9% in November to 7.04 million tonnes. Month-on-month, the demand barely improved from 6.99 million tonnes. Gasoline demand had slumped by 49% in April after a nationwide lockdown, imposed to curb the unfold of COVID-19, shut industries and took most autos off-road.
The 69-day nationwide lockdown was adopted by native and State-level restrictions. Restrictions have eased solely slowly and in phases, whereas localised restrictions in containment zones stay.
Festive season pattern
The onset of the festive season has fuelled an increase in consumption, however public transport has not returned to regular ranges but as faculties and academic establishments proceed to stay shut in most elements of the nation.
Demand for naphtha, which is used as industrial gas for producing electrical energy in addition to producing petrochemicals, surged 7.7% to 1.3 million tonnes in November.
This, along with an increase in different industrial fuels comparable to gas oil, signifies the return of financial exercise.
Additionally, consumption of bitumen, utilized in street building, jumped by 18% to six,92,000 tonnes.
LPG, the one gas that confirmed progress even in the course of the lockdown interval on the again of the federal government giving free cooking fuel to the poor, rose 4% to 2.3 million tonnes.
However month-on-month, it posted a 2.8% fall.