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24.04 - 18:35
India's fuel sales drop 18% in March; petrol demand falls 16%, diesel slips 24%
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New Delhi: India's fuel consumption slumped by over 66 per cent in April as a nationwide lockdown halted economic activity and travel, which eviscerated demand.
Petrol and diesel demand is down 66 per cent in April, while aviation turbine fuel (ATF) consumption has collapsed by 90 per cent as most airlines have stopped flying, industry officials said.
India had consumed 2.4 million tonnes of petrol and 7.3 million tonnes of diesel in April 2019. As much as 6,45,000 tonnes of ATF was used in that month last year.
The collapse of demand in the world's third-biggest consumer during April comes on the back of worst fuel sales in more than a decade recorded in March 2020.
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