Analysis: Petrol demand returns to pre-COVID levels, diesel sales inching up
Analysis: Petrol demand returns to pre-COVID levels, diesel sales inching up
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India's fuel demand, barring Aviation Turbine Fuel, has returned to pre-COVID levels and a reflating economy will help consumption grow in near future, head of the nation's top oil conglomerate said recently.

Fuel sales had fallen by a record 45.8 percent in April last year when a nationwide lockdown was imposed to check the spread of coronavirus infections. Demand started to recover with the easing of lockdown restrictions, with petrol returning to normal growth first and now diesel too is back at pre-COVID levels.

 "Expect for Aviation Turbine Fuel (ATF), we have touched normal demand," Indian Oil Corporation (IOC) Chairman Shrikant Madhav Vaidya said. "We are back on track." While petrol sales had reached pre-COVID levels a few months back, diesel was up 7.4 percent year-on-year in the first half of March Liquefied Petroleum Gases or LPG sales showed growth even during the lockdown. With airlines not operating all flights, ATF sales remain below normal. "ATF may take a quarters time to return to normal, maybe 3-4 months," he said. Indian Oil corporation notably is bullish about fuel demand recovery as the economy grows, he adds.

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