NEW DELHI: The elections have failed to propel diesel consumption out of the slow lane but boosted demand for petrol, jet fuel and cooking gas in April. Heat wave conditions sweeping through large tracts of the country also jacked up electricity use by double digits, govt data showed.
Preliminary sales data of state-run fuel retailers, which serve 90% of the market, put diesel demand — a key indicator of economic activities — as falling 2.3% in April from a year ago.This is the second consecutive month of sales falling annually. Sequentially, however, sales were 7.2% higher than March.
In contrast, petrol consumption shot up 12.3% compared to the year-ago period, while demand for jet fuel rose 7% and LPG, supplied to households as cooking fuel, jumped 12% over the same time.
Power consumption shot up by over 11% to push peak power demand to 224 gigawatts (GW) against 215.8 GW in April 2023, as people switched on cooling equipment to beat the heat.
Contrary to expectations, diesel sales did not pick up due to electioneering by parties, large-scale movement of security forces and polling personnel. Industry watchers blamed it on poor traction from the agriculture sector after harvesting, spaced out polling and people’s preference for personal transport — the latter also boosting petrol sales, particularly from people driving to cooler climes to escape the heat.
Aviation fuel also got a boost from early start of holiday season at the end of school exams, the heat wave and marriages.
Preliminary sales data of state-run fuel retailers, which serve 90% of the market, put diesel demand — a key indicator of economic activities — as falling 2.3% in April from a year ago.This is the second consecutive month of sales falling annually. Sequentially, however, sales were 7.2% higher than March.
In contrast, petrol consumption shot up 12.3% compared to the year-ago period, while demand for jet fuel rose 7% and LPG, supplied to households as cooking fuel, jumped 12% over the same time.
Power consumption shot up by over 11% to push peak power demand to 224 gigawatts (GW) against 215.8 GW in April 2023, as people switched on cooling equipment to beat the heat.
Contrary to expectations, diesel sales did not pick up due to electioneering by parties, large-scale movement of security forces and polling personnel. Industry watchers blamed it on poor traction from the agriculture sector after harvesting, spaced out polling and people’s preference for personal transport — the latter also boosting petrol sales, particularly from people driving to cooler climes to escape the heat.
Aviation fuel also got a boost from early start of holiday season at the end of school exams, the heat wave and marriages.