India’s fuel consumption confirmed flattish growth in December 2021 forward of contemporary restrictions kicking in to regulate the surge of a brand new variant of coronavirus that’s prone to additional dampen demand, in keeping with official knowledge launched on Tuesday.
Total petroleum product consumption in December 2021 stood at 18.43 million tonnes, in contrast with 18.36 million tonnes in the identical month final yr. This after an increase in demand for transport fuel was negated by a fall in industrial fuel.
The consumption was 7.6 per cent larger month-on-month however was nonetheless 2.7 per cent decrease than pre-COVID-19 ranges of 2019, in keeping with the info launched by the oil ministry’s Petroleum Planning and Analysis Cell (PPAC).
As the economic system continued to rebound from the deep impression of the second wave, transport fuel demand rose in December.
Diesel, essentially the most used fuel in the nation accounting for almost 40 per cent of all petroleum product consumption, rose 1.5 per cent year-on-year to 7.305 million tonnes and was close to pre-COVID-19 demand of seven.387 million tonnes in December 2019.
Petrol gross sales, which crossed the pre-COVID-19 degree a number of months in the past, climbed 4 per cent to 2.81 million tonnes in December 2021. The demand for fuel, most used in automobiles and two-wheelers, stood at 2.47 million tonnes in December 2019.
Increased journey throughout the vacation season is alleged to have contributed to the rise.
With elevated air journey, aviation turbine fuel (ATF) posted a 29 per cent growth in consumption to five,52,000 tonnes however it was decrease than 7,29,000 tonnes
Cooking gasoline LPG consumption fell almost two per cent to 2.4 million tonnes. This is basically as a result of consumption in December 2020 was larger on the again of the free cylinders that the federal government gave to the poor to tide over the hardships of the pandemic.
Yet, the demand in December 2020 was larger than the pre-COVID-19 degree as LPG gross sales in December 2019 was 2.35 million tonnes, the info confirmed.
Consumption of naphtha, which is used as a fuel in industries, fell two per cent to 1.18 million tonnes, whereas petcoke demand fell 14.8 per cent. The sale of bitumen, used in highway building, was down 19 per cent to six,95,000 tonnes.
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