Oil sales in Nagaland made a steady recovery in May and June after the slump in late March and April on account of the total lockdown. (Morung File Photo)
Morung Express News
Dimapur | June 15
Oil sales in Nagaland made a steady recovery in May and June after the slump in late March and April on account of the total lockdown.
After lockdown measures were relaxed in mid April, the sales increased but were still way below the sales volume of the same period in 2019, as per an IOC official.
“In May, sale of petrol was down by 50 percent and diesel sale was down by 35-40 percent (year on year),” the official informed.
During March-April, petroleum sales in the state fell by around 70-75 percent.
Without accounting other petroleum retailers, the sales volume of the IOC alone fell by over 8 percent in the month of March. The oil retailing major has a market share of around 60 percent in Nagaland.
Going by the sales volume currently, the COVID Cess would average around 10-12 lakhs per day, the official added.
