Oil demand dips to lowest in over 2 yrs

Date:

Share post:

spot_imgspot_img

New Delhi: India’s fuel demand slipped to its lowest in over two years in September after a fall in diesel and industrial fuel consumption negated the rise in petrol and LPG consumption.
Consumption of petroleum products in September dropped to 16.01 million tonnes, its lowest since July 2017, from 16.06 million tonnes in the same month last year, according to data from the Petroleum Planning and Analysis Cell (PPAC).
Diesel, the most used fuel in the country, saw demand drop by 3.2 per cent to 5.8 million tonnes, while naphtha sales were down by a quarter to 844,000 tonnes. Bitumen, used in road construction, too saw consumption drop by 7.3 per cent to 343,000 tonnes. Fuel oil sales edged 3.8 per cent lower in September to 525,000 tonnes.
The sale of petrol rose 6.2 per cent to 2.37 million tonnes, but sale of jet fuel or ATF fell 1.6 per cent to 666,000 tonnes. LPG consumption surged 6 per cent to 2.18 million tonnes on the back of government’s push for the use of cleaner fuel in household kitchens in rural areas in place of firewood to check pollution.
Kerosene, which is fast being replaced by LPG and natural gas as a cooking medium, saw demand fall almost 38 per cent to 176,000 tonnes. Petroleum coke consumption was however 18 per cent higher at 1.73 million tonnes. (PTI)

spot_imgspot_img

Related articles

SC declines to stay Sonam’s bail, lists matter for July 9

Our Bureau NEW DELHI/SHILLONG, July 3: The Supreme Court on Friday declined to stay the bail granted to Sonam...

SIR row in West Shillong over ‘illegal’ form disbursal by BLO

By Our Reporter SHILLONG, July 3: A major controversy has erupted over the manner in which Enumeration Forms are...

Breakthrough to blunder: Meghalaya police lapses face zero accountability

Our Bureau SHILLONG, July 3: The Supreme Court’s refusal on Friday to stay the bail granted to prime accused...

Meghalaya still relies on 40% imported fish

15 years of Aquaculture Mission By Our Reporter SHILLONG, July 3: The Meghalaya government’s renewed thrust on developing the fisheries...