Page 2 - Fuel Consumption

Oil set for best half since 2009 as demand recovers ahead of OPEC+ meeting

The recovery in key energy consumers including the U.S. and China has helped underpin a surge in fuel demand and driven prices to the highest level since October 2018.

Rise in auto fuels consumption to absorb cuts in cess, says ICRA

ICRA projects the year-on-year (YoY) growth in the consumption of petrol or motor spirit (MS) and high-speed diesel (HSD) in FY2022 at 14 per cent and 10 per cent

Petrol usage in India jumps 27% to four-month high, shows data

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

Covid disruptions: Fuel consumption contracts for the first time in decades

The Covid-19 pandemic is now bringing out the real impact it had on demand compression and economic activity in various sectors

India's fuel consumption declined to a four-year low in fiscal 2020-2021

First recorded decline in overall consumption, primarily attributed to Covid-19 lockdowns

Looking back at lockdown: Second Covid-19 wave dims demand recovery hopes

After unlock, demand improved month-on-month till December, when it hit a speed-breaker

India's fuel consumption falls 5% in February over surge in prices

India's fuel consumption fell for the second month in a row in February to its lowest since September as record-high prices hindered demand recovery. Petroleum product consumption fell 4.9 per cent to 17.21 million tonnes in February as demand for both petrol and diesel fell, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas. Petrol and diesel prices across the country rose to their highest levels last month before state-owned fuel retailers put on hold any further price increase ostensibly to contain political fallout for the ruling party in the ensuing assembly elections in states like West Bengal. Diesel, the most used fuel in the country, fell 8.5 per cent to 6.55 million tonnes while petrol consumption was down 6.5 per cent to 2.4 million tonnes. Naphtha sales remained unchanged but the sale of bitumen - used for making roads - was down 11 per cent. Cooking gas LPG sales were up 7.6 per cent. Crude oil suppliers

Fuel demand to expand 10% next year as Covid intensity reduces: Govt

Demand for diesel and petrol seen rising 13%, modest 5% increase in LPG

India's oil demand set to hit record high as recovery from Covid sets in

A trend for more commuters to use personal cars -- instead of buses, trains and other modes of public transport -- is expected to drive India's demand for gasoline

Renewed Covid-19 lockdowns in UK, Europe slows down pace of fuel demand

As the second wave of the virus hit many Western countries, governments imposed new lockdowns, closing restaurants and bars and banning gatherings

Expecting demand bump in festive season, oil companies ramp up refining

Indian Oil Corp., the nation's top processor, is currently operating its refineries at an average rate of 86% of capacity, compared with 66.7% in August

Petrol sales up 2% in September, diesel down 7.3% YoY: Indian Oil

Petrol sales by state retailers recovered to their level before the coronavirus pandemic for the first time since March

India fuel consumption falls 16% in Aug, biggest monthly decline since Apr

Sales of refined fuels, a proxy for oil demand, fell to 14.39 million tonnes in August, about 16% lower from a year earlier, its sixth consecutive year-on-year slide

Covid-19 crisis: Hit by local lockdowns, fuel demand falls 12% in July

Fuel consumption, a barometer of economic activity in the country, had slumped by over 45 per cent in April as nationwide lockdown halted most vehicular traffic and shut industries

India's weak fuel demand drags on as coronavirus crisis worsens

Sales of gasoline, or petrol, fell by 10.3% from a year earlier to 2.26 million tonnes, and were down 0.8% from 2.28 million tonnes in June

India fuel demand extends recovery from 13-yr low as economic opens up

On a year-on-year basis, demand for diesel registered its fourth straight decline in June at 15.4%

India's fuel sales in June at 88% of pre-Covid levels, says govt

At 11.8 million tonnes of consumption, fuel demand in June was 88 per cent of 13.4 million tonnes consumption in June 2019.

India's monthly fuel demand jumps 47.4% in May as Covid-19 lockdown eases

Fuel consumption, a proxy for oil demand in Asia's third biggest economy, totalled 14.65 million tonnes in May, 47.4% higher than in April but still 23.3% lower than a year earlier

Covid-19: India's fuel consumption falls 46% in April, may rebound in May

Fuel consumption during March, when travel restrictions began to be imposed to curb the spread of coronavirus, stood at 16.08 million tonnes

Lockdown impact: Fuel demand in India plunged to historic lows in April

In its latest report, the International Energy Agency has said India's annual fuel consumption will decline 5.6 per cent in 2020