{"id":80688,"date":"2023-01-02T11:30:00","date_gmt":"2023-01-02T06:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=80688"},"modified":"2023-01-02T11:27:30","modified_gmt":"2023-01-02T05:57:30","slug":"biz-india-fuel-sales-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-india-fuel-sales-2\/","title":{"rendered":"Petrol, diesel sales surge in December as economy picks up momentum"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3430620355\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>India&#8217;s petrol and diesel demand soared in December as increased consumption in agriculture sector helped build on the momentum generated by the festive season, preliminary industry data showed on Sunday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2147646715\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Petrol sales soared 8.6 per cent to 2.76 million tonnes in December, as compared to 2.54 million tonnes of consumption in the same month last year.<\/p>\n<p>Sales were 13.3 per cent higher than in COVID-marred December 2020 and 23.2 per cent more than in pre-pandemic December 2019.<\/p>\n<p>Month-on-month, the demand was up 3.7 per cent on the high base festive season created since October.<\/p><div class=\"trade-content_5\" id=\"trade-1029923815\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Diesel, the most used fuel in the country, posted a 13 per cent rise in sales in December to 7.3 million tonnes, as compared to the same month last year.<\/p>\n<p>Consumption was up 14.8 per cent over December 2020 and 11.3 per cent higher than pre-COVID 2019.<\/p>\n<p>Diesel sales, however, dipped marginally by 0.5 per cent when compared with November 2022.<\/p>\n<p>Petrol and diesel sales were the highest since June.<\/p>\n<p>Industry sources said diesel demand has been surging on pick up in the agriculture sector. Use of the fuel in irrigation pumps and trucking has helped build the momentum generated from the festive season demand push in October. Rabi crop sowing led to a pick-up in economic activity and a rise in demand.<\/p>\n<p>Auto fuel sales had dipped in July and August owing to the monsoon and reduced demand.<\/p><div class=\"trade-content-10\" id=\"trade-3050807491\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>As the aviation sector opened up, India&#8217;s overall passenger traffic at airports inched closer to pre-COVID-19 levels.<\/p>\n<p>Reflecting the trend, jet fuel (ATF) demand jumped 18 per cent to 606,000 tonnes during December when compared to the same month last year. It was 50.6 per cent higher than December 2020 but 12.1 per cent lower than pre-COVID December 2019.<\/p>\n<p>Sources said while domestic air travel is back to pre-COVID levels, international traffic is lagging because of continued restrictions in some countries.<\/p>\n<p>India&#8217;s recovery has continued to gain momentum in recent months but has been accompanied by elevated inflation. This slowed the momentum a bit in July-September. The country&#8217;s oil demand has been rising steadily since the easing of COVID-19 restrictions.<\/p>\n<p>Cooking gas LPG sales were up 7.7 per cent year-on-year at 2.72 million tonnes in December. LPG consumption was 7.7 per cent higher than in December 2020 and 15.9 per cent more than in December 2019.<\/p>\n<p>Month-on-month, the demand was up 6.47 per cent when compared to 2.55 million tonnes of LPG consumption during November, the data showed. PTI ANZ ABM ABM<\/p>\n<div class=\"trade-after-content\" id=\"trade-3564241130\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>India&#8217;s petrol and diesel demand soared in December as increased consumption in agriculture sector helped build on the momentum generated by the festive season, preliminary industry data showed on Sunday. Petrol sales soared 8.6 per cent to 2.76 million tonnes in December, as compared to 2.54 million tonnes of consumption in the same month last [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":27859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-80688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Petrol, diesel sales surge in December as economy picks up momentum - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-india-fuel-sales-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petrol, diesel sales surge in December as economy picks up momentum\" \/>\n<meta property=\"og:description\" content=\"India&#8217;s petrol and diesel demand soared in December as increased consumption in agriculture sector helped build on the momentum generated by the festive season, preliminary industry data showed on Sunday. 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