Increase in sales of petrol and diesel in June, economic activities intensified and summer holidays affected

Petrol and diesel sales have increased in India in June.

Petrol and diesel sales have increased in India in June due to intensification of economic activities, people traveling during summer vacations and crop sowing has started. Preliminary industry data showed that the demand for diesel has increased in double digits since the sowing season began.

In India in June due to intensification of economic activities, people traveling during summer holidays and crop sowing. petrol (Petrol) and diesel (Diesel) sales have increased. Preliminary industry data suggests that the demand for diesel will increase with the onset of the sowing season. (Demand) Raised in two points. this fuel (Fuel) Its sales grew by 35.2 percent year-on-year to 73.8 million tonnes in June. It is 10.5 per cent higher than June 2019 and 33.3 per cent higher than June 2020.

Higher consumption in agriculture and transport sectors

Diesel sales have been 11.5 per cent higher in June this year as compared to May. At that time 67 lakh tonnes of diesel was sold. On the rise in demand for diesel, industry sources said that this is due to higher consumption in agriculture and transport sectors.

Petrol sales by public sector fuel vendors stood at 2.8 million tonnes in June, up 29 per cent over the same period last year. Petrol consumption has been 36.7 percent higher as compared to June 2020 and 16.5 percent higher than June 2019. Sales on a monthly basis have been up 3.1 per cent.

LPG sales also increased

The sale of LPG ie LPG has increased by 0.23 percent to 22.6 lakh tonnes in June. It is 9.6 percent higher than June 2020 and 27.9 percent higher than June 2019. LPG sales have been six per cent higher as compared to June 2021.

Let us tell you that in May, the government had announced reduction in excise duty on petrol and diesel. On July 1, the government announced export duty on the export of petrol, diesel and jet fuel from the domestic market. Experts say that about 85 percent of the loss in revenue the government was losing due to the reduction in excise duty on petrol and diesel will be recovered from this export duty.

On May 21, the government announced a reduction in excise duty by Rs 8 per liter on petrol and Rs 6 on diesel. At that time it was said that the government would lose revenue of one lakh crore rupees annually due to reduction of excise duty.

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