Petroleum consumption contracts 9.1% in FY21


Diesel utilization, which comprise about 40% of general product gross sales, dipped 11.9% to 72.7 MT in FY21, whereas demand of petrol fell 6.7% to 27.9 MT.

Home consumption of petroleum merchandise in FY21 fell 9.1% year-on-year (y-o-y) to 194.7 million tonne (MT), primarily on the again of low gross sales of transportation gas within the fiscal amid the country-wide lockdown to comprise the outbreak of the coronavirus.

Petroleum gross sales have fallen for the primary time since FY99, for which knowledge is obtainable with the federal government’s petroleum planning and evaluation cell (PPAC). Diesel utilization, which comprise about 40% of general product gross sales, dipped 11.9% to 72.7 MT in FY21, whereas demand of petrol fell 6.7% to 27.9 MT.

Gross sales of aviation turbine gas (ATF) fell 53.2% to three.7 MT within the monetary 12 months with international journey restrictions induced by the coronavirus remained in place between a variety of nations. In keeping with the federal government’ goal of accelerating the share of fuel within the economic system, liquefied petroleum fuel (LPG) utilization was up 4.9% y-o-y to 27.6 MT in FY21. The consumption of bitumen, which is generally utilized in street development, elevated 5.9% y-o-y to 7.1 MT.

General product consumption recorded a steep 18.2% y-o-y rise in March, with diesel utilization up 27.6% to 7.2 MT. The March figures are comparable with the corresponding month in FY20, when the nation-wide lockdown first got here into pressure.

Home consumption of petroleum merchandise in FY20 had inched up solely 0.4% y-o-y to 214.1 MT.

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