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Petrol, Diesel Demands Closes Pre-Covid Demands In August

The month of August seems to have gotten some normalcy back in the lives of the netizens. In the latest update, the country is a step closer to reaching the pre-Covid levels of sales of auto fuels.

Auto Fuels Sales Increase In August

As per the latest reports, it is considered to be a sign that fuel request recuperation is advancing in accordance with general financial recuperation being found in the country.

While deals of petroleum has effectively crossed pre-Covid levels over a month prior, diesel deals has started creeping up and is only 8% shy of contacting pre-Covid levels as of August 15.

also read: OMCs Continue to Hold Petrol, Diesel Prices as Global Crude Rates Ease

State-possessed fuel retailers have sold 0.94 million tons (mt) of petroleum between August 1-15, 2021. This is 9.4 percent expansion over dales found in same time of earlier year and 3.7 percent above 0.95 mt deals in first 50% of August, 2019.

Sales Have Jumped To 2.11 Million Tonnes During August 1-15

With reference to diesel, the most utilized fuel in the country, deals have bounced 18.5 percent to 2.11 million tons during August 1-15 after the second influx of pandemic and resultant lockdowns in different pieces of the nation influenced request and deals. In 2019, diesel deals in first 50% of August stood near 20 mt or around 8% shy of current figures.

Dales of auto fuel had gotten back to practically typical levels in March before the second influx of Tyne pandemic began influencing request which fell unexpectedly in the long periods of April and May. There were indications of progress from June onwards and the pattern has proceeded till now.

also read: Petrol Continues To Sell For Over Rs 100 While OMCs Prices Remain Unchanged

S.M. Vaidya, director of IndianOil had said last month that petroleum request has arrived at above and beyond pre-Covid levels while diesel is quick making up for lost time and ought to be over 2019 levels by Diwali.