Business new tamfitronics
NEW DELHI: The intense
heat wave
and rising humidity with the onset of monsoon towards end of the month drove up power consumption by 9% in June as households and commercial establishment ran
cooling appliances
for longer hours.
But petrol, jet fuel and LPG sales posted moderate gains, while diesel remained in the slow lane during the month, essentially on loss of farm sector demand.
Govt data pegged power consumption at 152.3 billion units (BU) during the month under review against 140.2 BU. The highest demand met in a day, also known as ‘peak demand met’ in industry parlance, too jumped 9.8% to 245.4 gigawatts (GW) from 223.2 GW in June 2023.
The picture was mixed for fossil fuels. Diesel demand, a key indicator of economic activities, was 1.3% lower than June 2023. This is largely attributable to lack of traction from the farm sector. Sequentially, however, sales were 0.4% higher than May.
Petrol consumption
posted a healthy growth of 3.6% on rising share of fuel in new car sales and people’s preference for personal vehicles for holiday travel. On monthly basis, the growth was a modest 1.9% as the holiday season began tapering and monsoon disputed travel in many parts.
Jet fuel sales
rose 4.3% annually, catching the fading strains of holiday season fervour, the reason why sequentially demand was 3.8% lower than May. LPG sales rose more than 5% year-on-year but were only 0.6% higher than May.
