Informed sources in India reported that the demand for diesel and gasoline in the country stabilized last June, compared to the previous month.
According to the” German ” diesel sales last month reached 7.12 million tons, a slight increase of 0.4 percent compared to May.
On an annual basis, diesel sales fell by 3.7 percent, according to Bloomberg News yesterday.
Gasoline sales stabilized on a monthly basis in June, but increased by 3.4 percent year-on-year.
Sales of aviation fuel last month decreased by 2.4 percent on a monthly basis, reaching 587 thousand tons, but increased on an annual basis by 6 percent.
Sales of LPG oil decreased by 3.4 percent month-on-month in June to 3.5 million tons, but declined year-on-year by 0.8 percent.
In addition, the World Bank plans to provide loans and facilities worth 1.5 billion dollars to contribute to the financing of environmentally friendly energy projects in India.
August Tanu Kwame, head of the World Bank mission in India, said that the bank’s program aims to support the implementation of the green hydrogen production program in India, which aims to attract private sector investments worth USD 100 billion by 2030. It is noteworthy that the production of green hydrogen is carried out through the electrolysis of water to separate hydrogen from oxygen and the exhaust is water vapor.