Fuel industry pays heavy toll in pandemic

Fuel industry pays heavy toll in pandemic

The fuel market is suffering as a result of the pandemic and the government restrictions, as demand in December shrank a considerable 27.2%, mainly due to the ban on traveling between regional units, followed by a 30% slump in January. February also appears to be showing a similar picture.

There is a notable discrepancy in diesel sales, as December saw a drop of just 6%, but that was followed by a 37% decline.

The market attributes this to the stockpiling of fuel in December by traders and gas stations ahead of the imposition of the renewable energy sources levy from January 1.

SEARCH

[%EVENTS_SIDEBAR%]
Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.