August saw a significant increase in fuel demand as economic activity increased.

In August, the country’s fuel demand increased by 10.9 percent over the same month the previous year. According to data from the energy ministry’s Petroleum Planning and Analysis Cell, fuel consumption, which is a proxy for oil demand, totaled 16 million tonnes (PPAC). Petrol sales in August were 13 percent higher than a year before, at 2.69 million tonnes. The demand for gasoline is expected to rise at a rapid pace. As more people bought personal vehicles to avoid taking public transportation during the Covid-19 outbreak, demand for gasoline has also surged. Meanwhile, sales of cooking gas or liquefied petroleum gas (LPG) grew by 2.3% to 2.33 million tonnes, while sales of naphtha declined by 5.1% to 1.02 million tonnes.

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