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Early Rains dampen Fuel Demand Growth In June
- Diesel consumption declined by 4.8% to 3.26 million tonnes between June 1 and June 15 due to early rains dampening fuel demand.
- Petrol demand slowed to 2.3% growth at 1.4 million tonnes in the first half of June after a 9% rise in May.
- Diesel, vital for transport and agriculture, experienced a 2% growth in demand in the fiscal year ending March 31, 2025, following negative growth in most months.
- Industry officials attribute the reduced demand to early rains affecting irrigation and vehicular movement.
- The early monsoon onset triggered heavy rains in various states, impacting fuel consumption.
- Diesel demand in June was tepid despite the usual rise in demand for irrigation, air-conditioners, and holiday travel during this period.
- Petrol sales in the first half of June were 7% lower compared to May 1-15, but higher than the same period in June 2023 and during Covid restrictions in June 2021.
- Jet fuel consumption grew 3.1% to 328,900 tonnes in the first half of June with ATF sales also showing an increase.
- LPG consumption continued its growth trend with a 4% increase in June 1-15 driven by Ujjwala connections.
- Despite the growth in April and May due to electioneering last year, diesel and petrol sales are impacted by the dampened demand in June.
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