Oil sales increased in the first 15 days of this month due to the fear of increase in the price of petrol and diesel.
Petrol and diesel prices have been stable since November last year. Due to the war between Russia and Ukraine, crude oil reached beyond $ 100 per barrel, then fears were raised that after the elections of five states, petrol and diesel would be expensive again in the country. Due to this, common people and dealers have already bought more and bought 18 percent more petrol and 24 percent more diesel between March 1-15, 2022 this year compared to last year.
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Here are the sales figures of petrol and diesel
- According to the data released by the industry, on the first 15 days of this month, state-owned oil companies sold 1.23 lakh tonnes of petrol. This is 18 per cent higher than the sales in the same period last year and 24.4 per cent higher than the sales in March 1-15 in 2019. About 90 percent of petrol in the Indian market is sold by government oil companies.
- On the other hand, in comparison to last year, government companies sold 23.7 percent more, ie 35.3 lakh tonnes of diesel, on an annual basis between March 1-15. This is 17.3 percent more than the sales in March 1-15, 2019.
- On the other hand, in terms of total sales, between March 1-15, 2022, petrol was sold 24.3 percent and diesel 33.5 percent more on an annual basis.
- Talking about the month-wise, the sale of petrol was 18.8 percent and diesel sales were 32.8 percent higher in March 1-15, 2022 as compared to the first 15 days of February.
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Oil prices stable for 132 days
Due to the assembly elections in five states of the country including Uttar Pradesh, the prices of petrol and diesel have remained stable for the last 132 days. Crude oil prices jumped from $ 81 (Rs 6169.16) per barrel in so many days to $ 130 (Rs. 9901.13) per barrel, but the prices did not rise due to elections. There was a general perception about this that oil can become expensive by Rs 12 as soon as the elections are over, but so far there has been no change in its price.
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