India’s fuel demand makes shaky start to 2021

19 January, 2021 12:00 AM printer

NEW DELHI: Indian energy demand got off to a shaky start in the new year with sales of transport and cooking fuels over the first two weeks of 2021 declining from a month earlier.

The sale of diesel - the country’s most-used fuel and a proxy for economic health - dropped during Jan 1-15 by 6.6 per cent from the same period in December and 3.5 per cent from a year earlier, according to people familiar with preliminary data from the country’s three biggest retailers. Sales of gasoline, jet fuel and liquefied petroleum gas also declined month-on-month, report agencies.

Motor fuel sales, however, were still 8.5 per cent higher from a year earlier, with people favoring greater use of personal vehicles to avoid public transport as the nation struggles to contain the Covid-19 outbreak. LPG, used for cooking and heating, also posted a year-on-year gain amid plunging temperatures.