NEW DELHI: The growth in diesel and petrol sales gathered pace in April on the back of farm sector demand on the back of demand from the farm sector and higher use of personal vehicles for commuting, latest industry data shows.
Diesel sales grew almost 2.9% during the month from a year ago, driven by higher use of farm equipment such as tractors and trucks for harvesting and transporting the Kharif crop. Sequentially, the growth was sharper at 7.2% over March when sales grew less than 1%, data shows.
Petrol sales posted an increase of 3.9% compared to April 2024, maintaining the pace seen in March as people preferred to use personal vehicles for commuting amid rising temperature. Sequentially, the sales grew at 4.6% over March when consumption had jumped 10.8%.
Jet fuel sales grew at 2.5% from a year ago but not enough to come out of negative territory on a month-on-month basis. Same was the case with LPG, which posted annual growth of 6.7% but fell into the negative territory at -4.3%.
Government data for 2024-25 released last month pegged diesel demand growth at just about 2% in 2024-25, the slowest since the pandemic, while the pace of expansion in overall POL — petroleum, oil and lubricants — consumption more than halved from 5% in 2023-24.
Diesel sales grew almost 2.9% during the month from a year ago, driven by higher use of farm equipment such as tractors and trucks for harvesting and transporting the Kharif crop. Sequentially, the growth was sharper at 7.2% over March when sales grew less than 1%, data shows.
Petrol sales posted an increase of 3.9% compared to April 2024, maintaining the pace seen in March as people preferred to use personal vehicles for commuting amid rising temperature. Sequentially, the sales grew at 4.6% over March when consumption had jumped 10.8%.
Jet fuel sales grew at 2.5% from a year ago but not enough to come out of negative territory on a month-on-month basis. Same was the case with LPG, which posted annual growth of 6.7% but fell into the negative territory at -4.3%.
Government data for 2024-25 released last month pegged diesel demand growth at just about 2% in 2024-25, the slowest since the pandemic, while the pace of expansion in overall POL — petroleum, oil and lubricants — consumption more than halved from 5% in 2023-24.
You may also like
Dust storm, heavy rain sweeps across Delhi-NCR
"We were demanding it since 1992": NCP's Chhagan Bhujbal hails Centre's decision on caste census
Boy, 12, frozen with shock after witnessing ex-postman kill elderly neighbour after row over gate
Ozzy Osbourne 'may be sitting down' for his final performance amid health battles
BBC Doctor shares exact reason your hair turns grey when stressed
