Improvement In Power And Petroleum Consumption

Improvement in power and petroleum consumption from lockdown to unlock 3, see-statistics. Consumption of electricity and petroleum is improving in the country. This information came from the Boston Consulting Group (BCG) report of the India Economic Meter.

According to the report, the power consumption between Unlock-3 (1 August to 31 August) became almost equal to the pre-COVID month (15 March to 24 March). According to the report, compared to the month of July 2019, the consumption of electricity has decreased by 4% in this July and by 11% in the month of June.

While power consumption was 3500 mega units in July last year, in the first and second lockdown it came down to 2900 mega units. However, the improvement in power consumption in Unlock-1 reached 3500 mega units (average daily power consumption). In Unlock-3, its consumption increased to 3600 mega units.

As far as the consumption of petroleum products is concerned, there has also been considerable improvement. There was a decrease of 3% in the month of July compared to the previous month, while it decreased by 8% in the month of June last year. Not only this, the petroleum production index increased by 20 percent in June compared to the month of May.

These are the figures of the Ministry of Power

Data from the Ministry of Power shows that the decline in electricity consumption in July was down 3.6 percent, or 112.24 billion units (BU), from 116.48 billion units in the same month last year.

In June, electricity consumption declined by 10.93 percent to 105.08 billion units from 117.98 billion units in June 2019. Similarly, power consumption declined by 14.86 percent in May. In April, there was a major decline in electricity consumption of 23.21 percent.

14.39 million tons of oil sales

According to the Petroleum Planning and Analysis Cell (PPAC), in August 2020, 14.39 million tonnes of refined fuel was sold. This is 16 percent lower than the year-ago period.

Oil sales fell for the sixth consecutive year in August on a year-on-year basis. Sales of refined fuel are generally considered to be indicative of the demand for oil.

Sales down 7 percent compared to July

According to data from PPAC under the Ministry of Petroleum and Natural Gas, refined fuel sales were down 7 percent in August compared to July.

This is the biggest decline on a monthly basis since April. Energy experts predict that in the fourth quarter of 2020, oil demand in the country will be around 0.43 million barrels per day.

Petrol sales up 5.3 percent

Gasoline or petrol sales rose 5.3 percent to 2.38 million tonnes in August. In July, 2.26 million tonnes of petrol was sold. Petrol sales increased in August due to the increased use of private vehicles rather than public transport.

However, on an annual basis, petrol sales fell by 7.4 percent in August. On a monthly basis, naphtha sales were down by 16.4 percent and bitumen sales by 18 percent.