India’s petrol sales shrank by 15.5 per cent and diesel demand tanked over 24 per cent in March as the economy froze under the nationwide lockdown announced to check the spread of COVID-19. Also, aviation turbine fuel (ATF) sales fell by 31 per cent as flights got suspended alongside the shutting of businesses and most vehicular traffic going off-road. Petrol sales dropped to 1.859 million tonnes in March from 2.2 million tonnes sold in the same month in 2019, according to provisional industry demand numbers.
Diesel, the most consumed fuel in the country, saw demand contract by 24.2 per cent to 4.8 million tonnes from 6.34 million tonnes in March 2019. Similarly, ATF sales fell to 2.25 million tonnes from 2.185 million tonnes last year. The only fuel that showed growth was LPG as households rushed to book refills for stocking during the three-week lockdown period.
LPG sales rose 3.1 per cent to 2.25 million tonnes in March from 2.185 million tonnes in the same month last year. Industry officials said the pattern in fuel consumption is likely to continue in April as the lockdown is to last till mid of the month and there are indications that part restrictions will continue even after the lockdown is lifted.
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