India's second wave of Covid19 infections and the consequential city and state-specific restrictions may diminish about 20-25 percent of auto fuel demand in April, and estimated a modest impact on oil demand in the absence of a full nationwide lockdown, according to Wood Mackenzie statement on Thursday.
India's COVID crisis shows no sign of slowing. The country has reported new cases above 3 lakh per day for two weeks straight, though experts think the true number is likely to be far higher, it said.
According to reports, Petrol sale in April was 6.3 percent lower than March 2021 and 4.1 per cent lower than April 2019. Petrol sales in April 2020 was 872,000 tonnes.
Demand for diesel fell to 5.9 million tonnes in April 2021, down 1.7 percent from the previous month and 9.9 percent from April 2019. Diesel sales in April 2020 was 2.84 million tonnes.
With airlines continuing to operate at less than capacity, jet fuel (ATF) sales in April was 377,000 tonnes, down 11.5 percent over March 2021 and 39.1 percent over April 2019. Jet fuel sales in April 2020 was 5,500 tonnes.
Cooking gas LPG sales fell 3.3 percent to 2.1 million tonnes in April 2021 when compared with the previous month. The sale was 11.6 percent higher than 1.88 million tonnes in April 2019.