Petrol, diesel demand slumps 66%; ATF down 90% as lockdown hurts business

The country’s petroleum product consumption fell 17.79 per cent to 16.08 million tonnes in March as diesel, petrol and ATF demand fell

Current Affairs : Interest for petroleum and diesel is down 66 percent in April, while avionics turbine fuel (ATF) utilization has fell by 90 percent as most carriers have quit flying, industry authorities said. India’s fuel utilization drooped as an across the nation lockdown ended monetary movement and travel, which killed request.

In April 2019, India had expended 2.4 million tons of petroleum and 7.3 million tons of diesel. As much as 6,45,000 tons of ATF was utilized during a similar time a year ago.

The breakdown of interest on the planet’s third-greatest shopper during April returns on the of most noticeably awful fuel deals in over 10 years recorded in March 2020.

The nation’s oil based commodity utilization fell 17.79 percent to 16.08 million tons in March as diesel, petroleum and ATF request fell, as per official information discharged.

Diesel, the most devoured fuel in the nation, saw request contract by 24.23 percent to 5.65 million tons. This is the greatest fall in diesel utilization the nation has recorded as most trucks went rough terrain and railroads quit employing trains.

Petroleum deals dropped 16.37 percent to 2.15 million tons in March as the 21-day across the country lockdown implemented to forestall the spread of COVID-19 took most autos and bikes off the street.

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