Petrol and diesel gross sales in April fell by 61 per cent and 57 per cent from a 12 months earlier, two trade sources stated, although declines eased barely later within the month when some transportation and industrial exercise resumed.
Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum personal about 90 per cent of the retail gasoline retailers within the nation.
The state retailers’ petrol and diesel gross sales in first half of April declined by 61 per cent and 64 per cent, respectively, as a nation-wide lockdown to curb the unfold of the coronavirus introduced financial exercise to a standstill.
General gasoline gross sales throughout the month declined by 50 per cent from a 12 months in the past, in line with provisional trade knowledge offered by two sources, who requested to not be recognized.
India’s general refined gasoline demand contains consumption of gasoline oil, bitumen and liquefied petroleum fuel (LPG).
Jet gasoline gross sales in April declined by about 92 per cent, the provisional trade knowledge confirmed.