India's fuel product consumption declines 0.6% in March 2017

India's fuel product consumption improves 5.2% in April-March FY2017

India's fuel product consumption or sales declined 0.6% to 17.36 mt in March 2017 over March 2016. Fuel oil sales dipped 23.3% to 0.57 mt mainly contributing to the overall decline in fuel product sales, while kerosene sales also fell 26.8% to 0.41 mt and bitumen 12.2% to 0.69 mt. Consumption of lubes/greases dipped 16.3% to 0.34 mt, naphtha 1.8% to 1.15 mt, and light diesel oil (LDO) 29.8% to 0.03 mt.

However, the consumption of petcoke moved up 6.4% to 2.09 mt, other products 20.1% to 0.63 mt and ATF 10.4% to 0.64 mt. Further, the consumption of petrol improved 2.9% to 2.11 mt, LPG 1.9% to 1.89 mt and diesel 0.3% to 6.81 mt in March 2017.

Consumption or sales of fuel products increased 5.2% to 194.21 mt in April-March 2017, showing moderation in growth from 11.6% surge recorded in April-March FY2016. Sales of petcoke increased 22.2%, LPG 9.8%, petrol 8.8% and diesel 1.8% . Consumption of ATF also moved up 12.1%, fuel oil 8.4%, others 5.4% and LDO 10.1%. However, the consumption of kerosene declined 21.0%, lubes/greases 4.4%, bitumen 0.8% and naphtha 0.1% in April-March FY2017.

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