Fuel demand jumps by 11% in August 

According to Petroleum Planning and Analysis Cell (PPA) data, sales of petrol which had reached to pre-Covid levels a couple of months back rose by 13 percent year-on-year to 2.69 million tons and was up by 2.51 percent in July this year.

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Fuel demand jumps by 11% in August

Despite having an exorbitant rise in fuel prices cutting through the edges of pockets, the demand for fuel witnessed a soaring spike of almost 11 percent in the month of August. The fuel consumption for August totaled 16 million tonnes from 14.42 million tonnes of the same month in the previous year. 

 

According to Petroleum Planning and Analysis Cell (PPA) data, sales of petrol which had reached to pre-Covid levels a couple of months back rose by 13 percent year-on-year to 2.69 million tons and was up by 2.51 percent in July this year. Whereas, consumption of diesel jumped by 15.6 percent to 5.6 million tons. 

 

Sales for bitumen, used for making roads also experienced a rise of 3.1 percent in August. The aviation sector that incurred huge losses due to lockdown restrictions is pacing up as Jet fuel soared to 24 percent to 318,000 tonnes in August. 

 

It is reported that fuel demands in the country had recovered to their near-normal levels in March as compared to the same month in last year due to significant ease off of restrictions amid the ongoing pandemic crisis. 

 

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Fuel demand jumps by 11% in August 
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According to Petroleum Planning and Analysis Cell (PPA) data, sales of petrol which had reached to pre-Covid levels a couple of months back rose by 13 percent year-on-year to 2.69 million tons and was up by 2.51 percent in July this year.
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THE POLICY TIMES
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