India's Fuel Demand Slumps To Nine-Month Low In May
Millennium Post Delhi|June 12, 2021
Fuel demand fell 1.5 per cent to 15.1 million tonnes despite low base of May 2020 & was down 11.3 per cent when compared to previous month
India's Fuel Demand Slumps To Nine-Month Low In May

NEW DELHI: India’s fuel demand in May slumped to its lowest in nine months as restrictions to curb the second wave of COVID infections stalled mobility and muted economic activity.

Fuel demand fell 1.5 per cent to 15.1 million tonnes despite the low base of May 2020 and was down 11.3 per cent when compared to the previous month, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry.

India was under one of the world’s strictest lockdowns in May last year, which brought all mobility and economic activity to a grinding halt.

This year, though the infection rate is much severe, restrictions are localised. Personal mobility is not as hampered as last year and more factories have remained open while cargo movement between states too hasn’t been as badly affected.

Petrol consumption at 1.99 million tonnes in May was up 12 per cent over the previous year, it was down 16 per cent over April and 27 per cent over the pre-COVID era.

Diesel sales were up marginally to 5.53 million tonnes year-on-year but were down 17 percent over April and 29 per cent over the pre-COVID period.

This story is from the June 12, 2021 edition of Millennium Post Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the June 12, 2021 edition of Millennium Post Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM MILLENNIUM POST DELHIView All
'SRK sir is a very inclusive person'
Millennium Post Delhi

'SRK sir is a very inclusive person'

Bollywood actor Ananya Panday has a special connection with the superstar and is also the best friend of his daughter Suhana Khan

time-read
1 min  |
March 29, 2024
Parag's magnificent 84 sets up RR's 12-run win over DC
Millennium Post Delhi

Parag's magnificent 84 sets up RR's 12-run win over DC

JAIPUR: Young Riyan Parag showed why he is considered a precocious talent as he struck a stunning 84 not out off 45 balls to set up a 12-run win for Rajasthan Royals against Delhi Capitals in their IPL match here on Thursday.

time-read
3 mins  |
March 29, 2024
'Indian economy can grow at 8% till 2047'
Millennium Post Delhi

'Indian economy can grow at 8% till 2047'

Subramanian further said that clearly 8% growth target is ambitious, because India has not grown consistently at 8% before, but it is achievable

time-read
1 min  |
March 29, 2024
'Fiscal deficit touches 86.5% of annual target at Feb-end'
Millennium Post Delhi

'Fiscal deficit touches 86.5% of annual target at Feb-end'

In the corresponding period last year, the fiscal deficit was 82.8% of Revised Estimates of Union Budget 2022-23

time-read
2 mins  |
March 29, 2024
'Govt's gross liabilities rise to F160.69 lakh crore at Dec-end'
Millennium Post Delhi

'Govt's gross liabilities rise to F160.69 lakh crore at Dec-end'

Public debt accounted for 90 per cent of total gross liabilities during the third quarter of the current fiscal year

time-read
1 min  |
March 29, 2024
Reliance picks 26% stake in Adani Power project in Madhya Pradesh
Millennium Post Delhi

Reliance picks 26% stake in Adani Power project in Madhya Pradesh

Reliance will pick up 5 crore equity shares in Mahan Energen Ltd, a wholly owned subsidiary of Adani Power Ltd, of face value Rs 10 at par

time-read
2 mins  |
March 29, 2024
Battles, bombardment in Gaza as US says Israel talks back on
Millennium Post Delhi

Battles, bombardment in Gaza as US says Israel talks back on

Battles and bombardment pounded the Gaza Strip on Thursday after Washington said Israel had agreed to reschedule talks that had been cancelled amid tensions between the allies.

time-read
2 mins  |
March 29, 2024
National Eligibility Test scores to be adopted for PhD admissions from 2024-25, says UGC
Millennium Post Delhi

National Eligibility Test scores to be adopted for PhD admissions from 2024-25, says UGC

The National Eligibility Test (NET) scores will be used for PhD admissions from 2024-25 eliminating the need for separate entrance tests conducted by universities and higher education institutions, according to the University Grants Commission.

time-read
1 min  |
March 29, 2024
'Govt open to changes in Agnipath scheme
Millennium Post Delhi

'Govt open to changes in Agnipath scheme

Defence Minister Rajnath Singh on Thursday defended the Agnipath scheme underlining that the future of youths joining as Agniveers would not be impacted, even as he said the government was “open” to bring any change in it “if required”.

time-read
2 mins  |
March 29, 2024
Millennium Post Delhi

Punjab BJP chief denies AAP MLAS' money offer claim to join party

Punjab BJP chief Sunil Jakhar on Thursday dismissed AAP MLAs’ allegations that they were offered money to join the saffron party, saying he was “amazed at their audacity”.

time-read
1 min  |
March 29, 2024