Fuel sales had fallen by a record 45.8 percent in April when a nationwide lockdown was in place to check the coronavirus infections.
Clarifying on the November 2019 liberalised fuel licensing regime, the Ministry of Petroleum and Natural Gas said any entity with a net worth of Rs 250 crore can get a licence to retail petrol and diesel to either bulk or retail consumers.
Consumption of fuel, a proxy for oil demand, totalled 16.29 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
"The sales of petroleum products in India, the world's third-biggest oil consuming nation, had in April fallen to the lowest since 2007, due to the nationwide lockdown, necessitated to prevent the spread of COVID-19 pandemic," an official statement said.
State-retailers' gasoline sales in June rose by about 36 percent from May to about 2.04 million tonnes (MT).
Participating in the Congress' "Speak Up Against Fuel Hike" campaign across the country, she said on the one hand, the COVID-19 pandemic was wreaking havoc and on the other, the rise in petrol and diesel prices was making life very difficult for the people.
Delhi Congress president Anil Kumar and party workers, however, were detained later by police at a petrol pump near Parmanand hospital.
Petrol price in Delhi was hiked to Rs 78.37 per litre from Rs 77.81, while diesel rates were increased to Rs 77.06 a litre from Rs 76.43, according to a price notification of state oil marketing companies.
Petrol price in Delhi was hiked to Rs 77.81 per litre from Rs 77.28, while diesel rates were increased to Rs 76.43 a litre from Rs 75.79, according to a price notification of state oil marketing companies.
Petrol price in Delhi is now at Rs 77.28 per litre from Rs 76.73, while diesel is at Rs 75.79 a litre from Rs 75.19, according to a price notification of state oil marketing companies
Fuel sales in the world's third biggest oil consuming nation had fallen to their lowest in 2007 as the government imposed a nationwide lockdown to prevent the spread of coronavirus.
"PM Modi, these tragic times dictate putting money directly in the hands of the middle class and poor. STOP profiteering from their misery," the Congress leader wrote on Twitter, using the hashtag -- "ModiStopLootingIndia".
Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.
Petrol price in Delhi is now Rs 74.57 per litre from Rs 74 earlier, while a litre of diesel in the capital now costs Rs 72.81 as against Rs 72.22 a day before, according to a price notification from oil marketing companies.
Fuel consumption, a proxy for oil demand in Asia's third biggest economy, totalled 14.65 million tonnes in May, 47.4% higher than in April but still 23.3% lower than a year earlier, the data from the Petroleum Planning and Analysis Cell (PPAC) of the ministry showed.
Petrol price in Delhi was hiked to Rs 74 per litre from Rs 73.40 while diesel rates were increased to Rs 72.22 a litre from Rs 71.62, according to a price notification of state oil marketing companies.
According to a price notification of state oil marketing companies, Petrol price in Delhi was hiked to Rs 73 per litre from Rs 72.46 per litre on Monday, while diesel rates were increased to 71.57 per litre from Rs 70.59 a litre.
As per the data released by the Commerce and Industry Ministry, wholesale price index (WPI) deflation in primary articles was 0.79 per cent in April, as against inflation of 3.72 per cent in March.
India's fuel consumption fell almost 46 per cent in April as all petroleum products, except LPG, saw massive demand erosion following the nationwide lockdown that halted economic activity and travel.
Fuel demand growth in India, the world's third-biggest oil importer and consumer, plunged to historic lows in April, provisional data shows, as the country's eight-week long lockdown hit economic and industrial activity.
The development assumes significance in the wake of Prime Minister Narendra Modi yesterday giving directions to target thermal coal import substitution, particularly when a huge coal stock inventory is available in the country this year.
India's petroleum product consumption fell 17.79 percent to 16.08 million tonnes in March as diesel, petrol and aviation turbine fuel (ATF) demand fell, according to official data released on Thursday.
Consumption of fuel, a proxy for oil demand, totalled 18.22 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
"Could you please pass on the benefit to Indians by slashing #petrol prices to under 60? per litre? Will help boost the stalled economy," former Congress chief Rahul Gandhi said on twitter.
India's economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global coronavirus outbreak stifles growth in Asia's third-largest economy.