Petrol Consumption

Indian Oil Corporation (IOC), the nation's largest oil firm, on Saturday said there was no overall shortage of petrol and diesel in the country and described fuel outages reported at some retail outlets as "highly localised" and temporary, caused by regional demand-supply mismatches and shifting sales patterns. The state-owned fuel retailer said higher demand at certain outlets was driven by a seasonal rise in diesel consumption during the harvesting season, migration of customers from private pumps where retail prices were relatively higher, and increased institutional purchases at public sector outlets as bulk fuel supplies were being priced in line with elevated international rates. The company said petrol sales during May 1-22 rose 14 per cent year-on-year, while diesel sales increased around 18 per cent, reflecting "sustained and exceptionally high" growth in demand that it continued to meet across the country. In a statement, IOC said it "wishes to reassure customers and the .

India's fuel consumption trends diverged in October, with petrol sales rising on festive demand and diesel demand subdued by the growing use of EVs and CNG vehicles in public transport

On a monthly basis, fuel demand was up over 1 per cent from 20.46 million tons in November, data from the Petroleum Planning and Analysis Cell's (PPAC) website showed

According to industry officials, the price of petrol is poised to inflate by nearly PKR 10 per litre due to a surge in international crude prices

Kerosene consumption in the country has declined sharply by 26 per cent CAGR between 2013-14 and 2022-23, mainly due to government policies to promote clean energy. The latest 'Energy Statistics India 2024' of the National Statistical Office (NSO) stated, "The impact of energy policies of recent time is evident on the consumption of kerosene as a fuel in the country". The data showed that the consumption of kerosene has seen a steady decreasing trend with a compounded annual growth rate (CAGR) of (-) 25.78 per cent from 2013-14 to 2022-23. The report stated that among all the petroleum products the HSDO (diesel), which has the highest share of consumption (38.52 per cent) during 2022-23, experienced a positive growth of 12.05 per cent over the last year. Petrol and pet coke have witnessed a growth of 13.38 per cent and 28.68 per cent, respectively, over the last year. HSD (diesel) has also registered a 12.05 per cent growth to 85.90 MTs during 2022-23(P) compared to 76.66 MTs duri

Mr Gadkari's statement reflects a valid policy concern

Fuel consumption, a proxy for oil demand, totalled 15.92 million tonnes last month, up slightly from August and 5.2% higher than in September 2020, data on PPAC website showed

Motor fuel demand rose to 88,380 tons per day last month, the highest level since November last year, according to official data.

Diesel continues to be priced at Rs 81.64 per litre in the capital, while petrol has maintained steady levels at Rs 80.43 a litre

Agriculture was expected to be the only silver lining in the economy in the current financial year

In April, petrol sales declined 61% from a year earlier and diesel sales dropped 57% from a year earlier

Petrol price was increased by 25 paise per litre to Rs 72.42 and diesel by 24 paise to Rs 65.82 in the Delhi market, which is sort of a national benchmark

China and India remain the fastest-growing product markets in Asia, accounting for 80 per cent of total demand growth in the region