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New Delhi, India's consumption of <keyword id="118558" type="General" weightage="20" keywordseo="petroleum-products" source="Orion">petroleum products</keyword> rose to a seven-month high in December to about 20.05 million metric tons, according to data compiled by the Petroleum Ministry. Total consumption rose by 6.2 per cent from 18.89 million tons in November and was 2.6 per cent higher than the corresponding figure for December last year. Sales of diesel, mainly used in the transport and farm sectors increased by 0.9 per cent month-on-month to 7.6 million tons. However, <keyword id="3146552" type="General" weightage="20" keywordseo="petrol-sales" source="Orion">petrol sales</keyword> fell by 4.5 per cent in December to 2.99 million tons compared to the previous month. LPG sales rose by 5.6 per cent to 2.63 million tons as more households are shifting to the clean gas from firewood nationwide. Sales of bitumen, used for making roads, jumped by 12.9 per cent from November reflecting the increase in construction in big highway projects that has gathered momentum. Naphtha sales jumped by 27.9 per cent to 1.33 million tons while fuel oil recorded a 9.6 per cent increase in December.

India's petroleum product sales hit seven-month high in December

India's <keyword id="252144" type="General" weightage="20" keywordseo="fuel-demand" source="Orion">fuel demand</keyword> fell in the first half of March after posting record growth in the previous month, preliminary industry data showed on Thursday. Fuel sales soared to the highest levels in February on the back of robust demand from the agriculture sector as well as transport picking up after the winter lull. March saw the seasonal slowdown kicking in with a rise in temperatures. <keyword id="3146552" type="General" weightage="20" keywordseo="petrol-sales" source="Orion">Petrol sales</keyword> decreased by 1.4 per cent to 1.22 million tonnes in the first half of March when compared with the same period of last year. Sales fell 0.5 per cent month-on-month, the data showed. Diesel, the most consumed fuel in the country, saw demand slip 10.2 per cent to 3.18 million tonnes from March 1 to 15 when compared with 3.54 million tonnes of sales in the same period a year back. Month-on-month the demand was down 4.6 per cent. During the first half of February, petrol consumption had jumped by almost 18 per cent year-on-year while <keyword id="998651" type="General" weightage="20" keywordseo="diesel-sales" source="Orion">diesel sales</keyword> were up nearly 25 per cent. The consumption of petrol in the first half of March was 16.4 per cent more than the Covid-marred first half of March 2021 and almost 23 per cent more than in the same period of 2020. Diesel consumption was up 11.5 per cent over the first half of March 2021 and 20.2 per cent higher than in 2020. While cold conditions slowed truck movements in January, the onset of spring revived demand in February. With the continued opening of the aviation sector, India's overall passenger traffic at airports inched closer to pre-Covid levels. Reflecting the trend, jet fuel (ATF) demand jumped 19.2 per cent to 2,94,900 tonnes during the first half of March when compared to the same period last year. It was 35.6 per cent higher than in March 2021 but 8.2 per cent lower than in March 2020. Month-on-month sales were almost flat. Sources said while domestic air travel is back to pre-Covid levels, international traffic is lagging because of continued restrictions in some countries. India's recovery has continued to gain momentum in recent months but has been accompanied by elevated inflation. This slowed the momentum a bit. The country's oil demand had been rising steadily since the easing of COVID-19 restrictions. Cooking gas LPG sales fell 9.7 per cent year-on-year to 1.18 million tonnes from March 1-15. LPG consumption was 7.1 per cent higher than in March 2021 and 3.6 per cent more than in March 2020. Month-on-month, the demand dropped 15.10 when compared to 1.39 million tonnes of LPG consumption during February 1-15, the data showed. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/once-again-lemon-prices-soar-to-200-per-kilo/articleshow/98691510.cms">Once again, lemon prices soar to ₹200 per kilo</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/retail-tech-platform-dukaan-lays-off-30-of-its-workforce-second-layoff-in-6-months/articleshow/98692209.cms">Retail tech platform Dukaan lays off 30% of its workforce; second layoff in 6 months</a>

Petrol, diesel sales drop in first half of March after hitting record high in February

New Delhi, Jan 19 () Reliance Industries Ltd (RIL) has outpaced industry in clocking double digit sales growth in petrol and diesel from its nearly 1,400-odd petrol pumps in the third quarter ended December 31, 2019.
In an investor presentation post announcing earnings for October-December 2019, Reliance, operator of the world's largest oil refining complex, said it registered an 11 per cent growth in diesel sales and 15 per cent growth rate in petrol sales from its 1,394 fuel retail outlets.
This is compared to industry growth rate of 0.2 per cent for diesel and 7.1 per cent for petrol.
Its per outlet throughput at 342 kilolitres per month was also nearly double that of petrol pumps operated by public sector firms such as Indian Oil Corp (IOC) and Bharat Petroleum Corp Ltd (BPCL).
"Superior product mix and high asset utilisation underpinned strong earnings," it said in the presentation adding India's oil demand grew 3.2 per cent in October-December with petrol demand rising 7.1 per cent and LPG surging by 15 per cent.
"Preference for petrol cars, improving road infrastructure and rural connectivity is driving petrol demand," it said. A pick up in tourist movement post festive season provided support to ATF demand.
Reliance said there was a strong traction in retail and bulk fuel sales through its network.
"Growth driven by focus on large fleet customers (25 per cent year-on-year growth), fleet aggregators (114 per cent)," it said.
Its ATF sales were driving up via new customer acquisition and higher share from existing customers. "Improved ATF network competitiveness through logistical and supply source optimization," the presentation said.
LPG sales was up 37 per cent with new customers and increasing penetration in new markets.
Reliance said its petro retail sales revenues were up 5 per cent at Rs 3,725 crore in the third quarter. As much as 538 million litres of fuel was sold in the three month period.
Of the 1,394 petrol pumps that Reliance operates, 518 are company owned and the remaining dealer operated.
In April last year, Reliance agreed to sell 49 per cent in its petro retail business to UK's BP plc for Rs 7,000 crore. Reliance-BP joint venture agreed to expand the network to 5,500 in the next five years.
The country currently has 66,817 petrol pumps, with public sector retailers owning 59,716. PSU retailers have plans to double this network and have already starting appointing dealers. 
Russia's Rosneft-backed Nayara Energy, formerly Essar Oil, has 5,525 petrol pumps and has plans to scale them up to more than 7,000 in two-three years. 
Royal Dutch Shell has 169 outlets and is slated to add 150-200 more petrol pumps. ANZ MKJ

Reliance outpaces industry in petrol, diesel sales from its outlets

From <a href="http://www1.businessinsider.in/searchresult.cms?query=petrol+cars&amp;sortorder=effectivedate">petrol</a> to diesel to petrol again, carmakers are adjusting their sails and tweaking plans to sell more vehicles along with following guidelines of the Supreme Court, which has put a temporary <a href="http://www1.businessinsider.in/searchresult.cms?query=diesel+ban&amp;sortorder=effectivedate">ban on sale of diesel vehicles</a> in Delhi-NCR. 
 
Few years back when <a href="http://www1.businessinsider.in/searchresult.cms?query=automobile+manufacturers&amp;sortorder=effectivedate">automobile manufacturers</a> were making petrol versions, they had to shift to diesel as it was made cost-efficient due to government subsidy. 
 
Now, since diesel has been banned, carmakers are going back to making petrol-run vehicles to boost sales. 
 
READ ALSO: <a href="http://www.businessinsider.in/Ban-on-diesel-run-taxis-comes-into-effect-in-Delhi-NCR/articleshow/52066060.cms">Ban on diesel-run taxis comes into effect in Delhi-NCR</a> 
 
The share of petrol-run models, which was 42% of total passenger vehicle sales three years earlier, accounted for 56% of India's <a href="http://www1.businessinsider.in/searchresult.cms?query=passenger+vehicle+sales&amp;sortorder=effectivedate">passenger vehicle sales</a> in the fiscal year ended March 31. 
 
With demands shifting gears, carmakers are finding it tough to adjust as components change and more investments are required. 
Three years back, Honda had invested Rs 2,500 crore, set up a diesel component line and a forging unit. 
 
Likewise, <a href="http://www1.businessinsider.in/searchresult.cms?query=toyota&amp;sortorder=effectivedate">Toyota</a> Motor had raked in Rs 1,000 crore for a diesel engine facility and the factory was set to be inaugurated next month. 
 
Toyota Kirloskar's sales and marketing head, N Raja, told ET customers were worried that the ban may spread to smaller diesel vehicles as well and that inquiries for the company's petrol cars had doubled in the NCR. "We have been revising our production plans to meet this shift in demand," he said. 
 
<a href="http://www1.businessinsider.in/searchresult.cms?query=Honda&amp;sortorder=effectivedate">Honda</a> is also planning on changing its supplies more in favour of petrol-run vehicles and <keyword id="42747" type="CITY" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword> has come up with new Revetron petrol engine in the Tiago and Kite 5 models. 
 
Even <a href="http://www1.businessinsider.in/searchresult.cms?query=maruti&amp;sortorder=effectivedate">Maruti</a> is not going to establish a diesel engine plant in Gurgaon. 
 
(Image: Indiatimes)

Carmakers are shifting gears as diesel ban drives sales of petrol-run vehicles

NEW DELHI: Indian consumers are shifting back to petrol-run passenger vehicles that are set to start outselling diesel variants again after two years, boosted by falling petrol prices and the narrowing price gap between the two fuels. The changing demand trend amid a turnaround in the auto market is making manufacturers rework their production schedule in the run-up to the festival season when sales spike up. Diesel cars have enjoyed a smooth run for more than two years as the fuel costs less than petrol and offers better mileage, making such vehicles a preferred choice for India’s cost-conscious buyers. 
 
That is fast changing with the government phasing out diesel subsidy and petrol, which is deregulated since June 2010, getting cheaper. Diesel is nearly 14% costlier now than a year earlier, while petrol has become a bit cheaper year-over-year. The trend in the automobile market is quite pronounced on some models. 
 When <keyword id="1381889" type="COMPANY" weightage="20" keywordseo="Honda-Cars-India">Honda Cars India</keyword> launched its compact sedan Amaze in 2013, the local unit of the Japanese major found 80% of the buyers going for the diesel version. The Amaze was <keyword id="20630" type="CITY" weightage="20" keywordseo="Honda">Honda</keyword>’s first diesel offering in India and was launched to meet the then growing demand for cars that run on diesel. 
 
However, last month, just a little over half the buyers for Amaze chose a diesel variant. “Customers are now more educated over their needs and are not going blindly for diesel cars any longer,” said Jnaneshwar Sen, head for marketing and sales. Honda witnessed a similar trend for the new City, with just 50% of buyers preferring diesel in July compared with 70% at the time the mid-size sedan was launched in January this year. 
 
According to executives at car manufacturers that ET spoke to, the festival season that commences next month looks perfect for petrol cars to capture lost ground as the overall market is also on a recovery path with domestic sales recording three straight months of growth. They expect shift of customer preference for conventionally wiser petrol – maintenance cost of petrol cars is usually lower and fuel is more environment friendly – to continue, and are accordingly adjusting their strategies. 
 <keyword id="44883" type="CITY" weightage="20" keywordseo="Maruti-Suzuki">Maruti Suzuki</keyword>, the country’s largest carmaker, has shelved plans for a new diesel engine plant at Gurgaon and is concentrating on its petrol models as it strives for higher market share. “While diesel car sales have declined 7%, sales of petrol cars have grown by almost 11% in the past few months,” said a senior executive. “Enquiries on and sales of petrol models have jumped in recent months.” 
 
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 Companies aren’t just altering production plans, but also offering petrol variants at aggressive price to tap the shift. “Customers are increasingly going towards petrol and keeping the same trend in mind, we aggressively priced the new car with the intention to increase the share in the premium hatchback segment,” said <keyword id="596" type="CITY" weightage="20" keywordseo="Hyundai">Hyundai</keyword>’s head for marketing and sales, Rakesh Srivastava. The company has invested $600 million in a hybrid engine manufacturing plant capable of producing both petrol and diesel engines on the same line to tackle shifting demand in the Indian market. 
 Overall ownership cost of diesel-fired vehicles has gone up, said Amit Kaushik, principal analyst, autos, at consultancy firm <keyword id="350927" type="ORGANIZATION" weightage="20" keywordseo="IHS-Automotive">IHS Automotive</keyword>. Car companies are vying on the government policy that is further likely to dampen demand for diesel cars. 
 
Price gap between the two fuels now stands at just Rs 12 and may further close in coming months because of government strategy of increasing diesel price by 50 paise every month until it aligns with market rates.

Petrol-Run Cars Outselling Diesel Variants In India, Thanks To Narrow Margin Between The Fuels

New Delhi, Jun 8 () Diesel models will continue to be an important part of Honda's product range in India in the BS-VI regime, even with market clearly shifting towards petrol vehicles, a senior company official said. The automaker, which is present in the country through a wholly owned subsidiary, aims to keep offering diesel trims in four of its models out of the total six products it currently sells in the country. "Although there is an increasing shift in market preference towards petrol, but we believe that the demand for diesel will not vanish immediately," Honda Cars India Ltd (HCIL) Senior Vice President and Director (Marketing and Sales) Rajesh Goel told . "Hence, in our BS-VI line up, we have strategically decided to offer diesel models in specific segments in line with our customer's preference," he added. In 2019-20, petrol variants accounted for 80 per cent of company's overall sales, but the trend differed in each of the product segment, Goel said. Elaborating further, he said that the contribution of diesel trims continues to be quite significant in two of its sub-four metre models, WR-V and Amaze, hence they are being offered with both petrol and diesel powertrains, Goel said. "On the other hand, customers for the premium hatchback Jazz are increasingly opting for petrol model, and hence the new Jazz will be offered in petrol variants only," he noted. The launch of BS-VI Jazz is some time away, Goel said. The fifth generation City, which is all set for debut in the country, will have BS-VI compliant petrol and diesel trims, while the Civic already has a BS-VI petrol engine since March 2019. "We will soon be launching the Civic with a BS-VI diesel engine, depending on the production resumption for the model," Goel said. The CR-V will continue in petrol model only, he added. "Our CR-V customers continue to show natural preference for petrol model and hence in order to maintain a lean variant line up and stay focused on our core customer category, we have decided to retain only petrol variant for CR-V," he said. MSS RVK

Diesel models to continue to co-exist with petrol trims in BS-VI era: Honda

<keyword id="116241" type="UNKNOWN" weightage="20" keywordseo="petrol-pumps">Petrol pumps</keyword> were one of the few places where old notes were being accepted post <keyword id="3315394" type="UNKNOWN" weightage="20" keywordseo="demonetisation">demonetisation</keyword> and people thronged to tank up with old Rs 1000/500 notes. 
 
The sales of fuel shot up by 10% in November as the fuel stations were accepting demonetised notes. 
 As per reports, Indian Oil Corp, Bharat Petroleum and <keyword id="6374014" type="CITY" weightage="20" keywordseo="Hindustan-Petroleum">Hindustan Petroleum</keyword> sold nearly 89,000 kilo litres of petrol on average daily between November 9 and December 7. 
 
People lined up mainly for petrol as its consumption has increased. 
 
The average every day sales of diesel from November 9-December 7 was 225,000 kilo litres, 11.4% more than in November 2015 and 7.6% higher than in October this year. The growth in diesel consumption between April and October was just 3%.

Petrol, diesel sales go up post demonetisation as people rushed to tank up fuel with old notes

Diesel sales in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> jumped up sharply in the first half of April as agricultural activity pick-up and trucking increased to meet industrial <keyword id="15308237" type="TOPIC" weightage="60" keywordseo="Demand" source="TOPIC" sourcekeytype="economy,investopedia" meta.keywordsubtype="null" meta.msid="92562122" meta.seopath="d/demand" meta.entityname="Demand" meta.hostid="153" meta.entityid="demand">demand</keyword>, preliminary industry data showed on Monday. Demand for diesel, the most consumed fuel in the country <keyword id="15377301" type="TOPIC" weightage="60" keywordseo="Accounting" source="TOPIC" sourcekeytype="finance,investopedia" meta.keywordsubtype="null" meta.msid="92547403" meta.seopath="a/accounting" meta.entityname="Accounting" meta.hostid="153" meta.entityid="accounting">accounting</keyword> for about two-fifths of the demand, soared over 15 per cent to 3.45 million tonnes in the first half of April when compared to a year ago. Month-on-month sales rose 8.4 per cent when compared with 3.19 million tonnes of diesel consumed in the first half of March that had witnessed seasonal slowdown. Petrol sales rose about 2 per cent to 1.14 million tonnes during April 1 to 15 when compared with the same period of last year. Sales however fell 6.6 per cent month-on-month, the data showed. In the first half of March, petrol sales had fallen 1.4 per cent and diesel 10.2 per cent year-on-year. Consumption of petrol in April first half was 14.6 per cent more than COVID-marred April 1-15, 2021 and almost 128 per cent more than in the same period of 2020. Diesel consumption was up 24.3 per cent over April 1-15, 2021 and 127 per cent higher than in the same month of 2020. With the continued opening of the aviation sector, India's overall passenger traffic at airports inched closer to pre-COVID levels. Reflecting the trend, jet fuel (ATF) demand jumped 14 per cent to 2,84,600 tonnes during the first half of April when compared to the same period last year. It was 35 per cent higher than April 1-15, 2021 and 467.6 per cent more than the same period in 2020. Month-on-month sales however fell 3.8 per cent. India is enjoying steady growth, with support from the services sector as well as the industrial side of the economy. The country's oil demand was supported by strong industrial activity, industry officials said. In terms of products, diesel was the main driver of oil demand as there was a pick up in the agriculture sector, as well as requirements for power generation and industry. Use of the fuel in irrigation pumps and trucking supported diesel. Cooking gas <keyword id="6360114" type="General" weightage="50" keywordseo="lpg" source="Orion">LPG</keyword> sales rose 5.7 per cent year-on-year to 1.1 million tonnes in April 1-15. LPG consumption was 7 per cent higher than in April 1-15, 2021 and 9.2 per cent more than in the first half of April 2020. Month-on-month, the demand dropped 6.37 per cent when compared to 1.18 million tonnes of LPG consumption during March 1-15, the data showed. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/hdfc-hdfc-bank-merger-to-bring-inflows-of-up-to-3-billion-all-eyes-now-on-the-merger/articleshow/99557243.cms">HDFC-HDFC Bank merger to bring inflows of up to $3 billion: All eyes now on the merger</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/diljit-dosanjh-coachellas-first-punjabi-artist/slidelist/99556453.cms">Diljit Dosanjh, the only Punjabi artist to play at Coachella, is a man of many firsts</a>

Diesel sales jump on agricultural demand

New Delhi, Mar 19 () India's fuel demand has dropped by a steep 10-11 per cent in the first two weeks of March as the outbreak of coronavirus (Covid-19) led to the cancellation of flights and reduction in industrial activity. The country had consumed 19.5 million tonnes of petroleum products in March 2019, official data showed. Assuming consumption in two halves of the month was almost the same, as much as 10 million tonnes of fuel was consumed during the first fortnight of March 2019. "The petroleum industry is witnessing the impact of coronavirus on sales of all petroleum products. The overall demand for liquid fuels has gone down by 10-11 per cent in the first fortnight of March 2020," said Indian Oil Corp (IOC), the country's largest fuel retailer, in a statement. Restrictions and travel advisories, as well as a slowdown in industrial activity, has led to the fall in demand. While diesel sales as dropped by over 13 per cent, jet fuel sales has slumped by over 10 per cent. Petrol sales have seen a decline of over 2 per cent. "Due to restriction in movement and travel advisories, the aviation turbine fuel (ATF) sales have dropped by over 10 per cent. The bunker fuel sales are also down by approximately 10 per cent," IOC said. Crisil said the Covid-19 pandemic has made the already subdued demand outlook ever grimmer. "The airlines industry accounts for 6-8 per cent of total crude consumption. As more countries are implementing bans over Covid-19 in both international and domestic travel, the impact is likely to worsen. And if the pandemic is not contained over the next two-three months, the consequences will be severe," it said in a note. Covid-19, it said, is further drying up demand from the road transport and airlines segments in India as well. "Hence, consumption growth of petroleum products is expected to be low at 2-3 per cent in fiscal 2021," it said. Separately, Morgan Stanley cuts India's fuel demand estimate for the next financial year by five per cent. Prior to the outbreak of coronavirus, Oil Ministry's Petroleum Planning and Analysis Cell (PPAC) had projected fuel demand to grow to 222.79 million tonnes in the fiscal year starting April (2020-21) from an estimated 216 million tonnes in 2019-20. ATF consumption was projected to rise to 8.7 from an estimated 8.19 million tonnes in 2019-20 while diesel demand was to grow to 86.5 million tonnes from 84.26 million tonnes. Petrol consumption was projected to rise to 33.4 million tonnes from almost 31 million tonnes in the current fiscal. In the first 11 months of 2019-20, fuel demand was 197.6 million tonnes. ATF consumption came at 7.5 million tonnes in April 2019 to February 2020 while diesel demand was 77 million tonnes. Petrol consumption came at 27.8 million tones in April-February. ANZ ANSANS

You Searched For "petrol sales" and got 9 results

India's petroleum product sales hit seven-month high in December

IANS

Petrol, diesel sales drop in first half of March after hitting record high in February

PTI

Reliance outpaces industry in petrol, diesel sales from its outlets

PTI

Carmakers are shifting gears as diesel ban drives sales of petrol-run vehicles

BI India Bureau

Petrol-Run Cars Outselling Diesel Variants In India, Thanks To Narrow Margin Between The Fuels

Economic Times

Diesel models to continue to co-exist with petrol trims in BS-VI era: Honda

PTI

Petrol, diesel sales go up post demonetisation as people rushed to tank up fuel with old notes

BI India Bureau

Diesel sales jump on agricultural demand

PTI

India's fuel demand drops 11 pc in March as Covid-19 hits aviation, transport sectors

PTI

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