Home News Holidaymakers, automotive consumers & farm demand maintain December gas gross sales in turbo mode

Holidaymakers, automotive consumers & farm demand maintain December gas gross sales in turbo mode

Holidaymakers, automotive consumers & farm demand maintain December gas gross sales in turbo mode

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NEW DELHI: India’s December gas gross sales continued in turbo mode on the again of continued demand from the agriculture sector, a surge in winter vacation journey and a pointy improve in automotive gross sales.
Market information for the month confirmed consumption of diesel, a key indicator of financial actions, throughout the month rising 13% from December 2021 and greater than 11% from the identical month of the pre-pandemic 2019.
Sequentially, nonetheless, gross sales had been 0.5% decrease than November 2022.
Petrol gross sales recorded a development of 8.6% over the identical interval of 2021 and 23% over December 2019. The expansion momentum was seen sequentially too, with gross sales topping November consumption by 3.7%.
Jet gas, or ATF, gross sales recorded a pointy uptick at 18% greater than the year-ago interval however had been 12% decrease than December 2019. However on a constructive word, December gross sales had been 5.8% larger than November to point a gradual development in demand on the again of a surge within the variety of flyers.
Consumption of LPG, largely used as family cooking gas, jumped 7.7% from a 12 months in the past and near-16% from December 2019 winter chill enveloped most of north India and temperatures cooled off within the remaining elements.
The momentum in diesel demand development started increase with the beginning of cropping season in November. Use of threshers and different farm gear mixed with grain transportation to wholesale grain markets and additional to consumption centres drove demand for the most-used gas. Absence of winter rains sustained the demand as diesel-driven pumping units had been used for rabi crop sowing.
Petrol gross sales had been pushed by individuals’s desire for private automobiles for travelling to vacationer locations or hometown in addition to larger gross sales of passenger autos in December, which brokerages pegged at 15% greater than a 12 months in the past.
Vacation journey additionally contributed to rise in diesel demand from taxi operators, whereas ATF gross sales had been buoyed by a surge within the variety of flyers. However jet gas gross sales are nonetheless beneath the pre-pandemic stage resulting from extra muted restoration within the variety of abroad flights.

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