Diesel Demand Seeing Degrowth, Petrol Picking Up: Indian Oil Corporation

State-run Indian Oil Corporation Ltd. on Monday said demand for diesel in West Bengal has declined 20% during the current fiscal so far as industries are not fully operational in the wake of the Covid-19 pandemic.

Petrol demand has been flat in the state during the ongoing coronavirus crisis, though the same has increased by 1% in the current month, IOC executive director Pritish Bharat said.

Speaking at a virtual press conference, he said demand for LPG cylinders has increased by 20-22% during the period largely due to the distribution of three free units under the Pradhan Mantri Ujjwala Yojana.

He said jet fuel demand dropped by 75% as most of the flights are not operating amid the Covid-19 crisis.

IOC is planning to expand its network of LPG distributors by adding 317 new locations in the state, Bharat, who heads the oil marketing company’s West Bengal operations, said.

According to…

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