Business Daily from THE HINDU group of publications
Thursday, Jun 15, 2006
Business Daily from THE HINDU group of publications Thursday, Jun 15, 2006 |
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Petroleum Industry & Economy - Economy Petro product sales rise 8.8% in May Our Bureau
New Delhi , June 14 The oil product sales rose by 8.8 per cent in May to 9.97 million tonnes (mt) from 9.17 mt in the same month last year. Diesel sales in May saw an increase of 15.1 per cent year-on-year , while petrol sales were up 13.1 per cent, according to a data compiled by the Petroleum Ministry.
Farm demand
A Ministry source said that the consumption during May rose due to increased buying by the dealers in anticipation of a rise in fuel prices. Besides, fuel sales in May were higher due to good agriculture demand in States such as Haryana, Uttar Pradesh, Rajasthan, and Bihar, power shortages, as well as impact of elections in a few States. Kerosene sales during the month under review were up 2 per cent compared to the previous year period.
ATF sales up
Aviation turbine fuel sales were up 28.1 per cent. The boom in the aviation sector coupled with holiday season resulted in very high growth in aviation fuel, the official said. Sales of cooking gas (liquefied petroleum gas) were up 5.5 per cent. Oil product sales by state-run companies during the month increased 8.8 per cent on year-on-year basis to 8.6 mt. Private players, Reliance Industries, and Essar increased retail prices of petrol and diesel in May resulting in shift of sales to PSU retail outlets, the official said adding that the full impact of this, however, will be seen in June.
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