Petroleum demand near normal levels

NEW DELHI: Consumption of petroleum products was estimated at 11.8 million tonnes in June, which is 88% of the level seen a year ago, indicating that economic activity was limping back towards normalcy.

In June, petrol consumption is estimated to have reached 85% of last year’s level, while diesel was at 82%. “The sales of petroleum products in India, the world’s third-biggest oil consuming nation, had in April fallen to the lowest since 2007, due to the nationwide lockdown, necessitated to prevent the spread of COVID-19 pandemic,” an official statement said.

At 11.8 million tonnes of consumption, fuel demand in June was 88 per cent of 13.4 million tonnes consumption in June 2019.Petrol consumption of 2 million tonnes in June was 85 per cent of last year’s levels, while diesel at 5.5 million tonnes was 82 per cent of normal levels during this month.