The consumption of diesel, petrol and aviation fuel grew by 70% in May as compared to april

Fuel consumption has started increasing, hinting at a pick up in economic activity after months of a long break because of the coronavirus lockdown and shutdown. The consumption of diesel, petrol, and also aviation fuel grew by around 70% in May as compared to the consumption in April when the govt had imposed a nationwide lockdown, According to the report citing data from Union Ministry of Petroleum and Natural gas. Although, when compared to February figures, consumption is still low as industries limp towards recovery. A lot of this consumption is coming from the aviation industry, that was allowed to ply domestic flights about a month ago. The use of aviation fuel has seen in May to the highest spike as it doubled to the April figures last month.

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The Indian govt had imposed a lockdown in the end week of March by bringing economic activities to a grinding halt. The same has been lifted recently under the Unlock 1.0 even as cases soar. Meantime, petrol and diesel consumption have revived back to around 75% of February numbers whereas aviation fuel consumption in May was just in 16% of February figure. The increase in petrol and diesel consumption comes after the govt allowed offices to open starting 5 May. The public movement has also been eased to a great extent. According to the Petroleum Planning and Analysis Cell (i.e. PPAC), under the Union Petroleum and Natural Gas Ministry, petrol consumption increased from around 973 thousand metric tonnes (i.e. MT) in April to around 1,769 thousand MT in May, that marking an 82% jump. On the other side, diesel consumption rose from 3,250 thousand MT in April to 5,495 thousand MT in May, which is a 70% jump. A similar trend has also been witnessed in the consumption of aviation fuel, which had witnessed the biggest dip in lockdown and shutdown months.

Meantime, another indicator of revived economic activities is e-way bills that have tripled to 2.55 crore in May as opposed to around 86 lakh in April, according to data from GST Network as well.

 

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