Consumption of petrol has risen 1.5 percent since November 2020 and cooking gas demand exceeds 7 percent.
The data also shows that in December 2020, gasoline or petrol sales rose to 2.7 million tonnes from 2.6 million tonnes in November 2020. Sale of liquefied petroleum gas (LPG), rose to more than 7 percent, to 2.53 million tonnes in December 2020 from 2.34 million tonnes in November 2020, while naphtha sales fell by 2.4 percent to 1.24 million tonnes when compared to November sales. PPAC released the consumption data till Jan 8, 2021.
WoodMac research associate, Qiaoling Chen, speaking to Times of India, said: "For Asia Pacific gas-oil/diesel demand recovery is accelerating in Q4 2020, driven mainly by India as the country enters high seasonal gas-oil/diesel demand period."
Therefore the sales of petrol have increased in India, but overall annual sales dipped due to COVID-19 lockdown. Other products like naphtha, lubricants, and greases saw a decrease in sales.