Petrol Consumption Rises 9.2% in November While Diesel up 8.4%
OIL & GAS

Petrol Consumption Rises 9.2% in November While Diesel up 8.4%

India’s fuel consumption saw a robust increase in November 2024, with petrol sales rising by 9.2 per cent year-on-year to 3,418 thousand metric tonne (TMT), as per provisional data from the Petroleum Planning & Analysis Cell (PPAC). Diesel, the country’s most widely consumed fuel, also showed significant growth, climbing 8.4 per cent to 8,158 TMT.

The aviation turbine fuel (ATF) segment demonstrated a strong recovery, with consumption up by 7.7 per cent to 743 TMT, reflecting the on-going recovery of air travel. Liquefied petroleum gas (LPG), a common household fuel, saw a 7.3 per cent increase in demand, reaching 2,765 TMT, indicating steady usage in both residential and industrial sectors.

Compared to November 2023, all key petroleum products experienced year-on-year growth. Petrol consumption expanded by 19.5 per cent compared to November 2022, while diesel usage rose by 5.1 per cent. ATF showed a significant 20.2 per cent growth over the two-year period, highlighting the aviation sector’s post-pandemic recovery.

The LPG segment grew by 6.3 per cent over November 2022 and by an impressive 22.36 per cent compared to pre-COVID levels in November 2019, with a compounded annual growth rate (CAGR) of 4.12 per cent. Petrol and diesel also posted strong growth compared to the pre-pandemic period, up 34.83 per cent (CAGR: 6.16 per cent) and 7.83 per cent (CAGR: 1.52 per cent), respectively.

Diesel consumption continued to dominate, accounting for a substantial share of the fuel market. The 8.4 per cent year-on-year growth emphasized increased activity in transportation and industrial sectors during the month.

An energy expert commented that the PPAC report highlights India’s rising energy demand across sectors, driven by economic activity and a revival in travel and industrial consumption. The steady increase in fuel consumption indicates a strong recovery trend, with energy demand surpassing pre-pandemic levels in most segments.

India’s fuel consumption saw a robust increase in November 2024, with petrol sales rising by 9.2 per cent year-on-year to 3,418 thousand metric tonne (TMT), as per provisional data from the Petroleum Planning & Analysis Cell (PPAC). Diesel, the country’s most widely consumed fuel, also showed significant growth, climbing 8.4 per cent to 8,158 TMT. The aviation turbine fuel (ATF) segment demonstrated a strong recovery, with consumption up by 7.7 per cent to 743 TMT, reflecting the on-going recovery of air travel. Liquefied petroleum gas (LPG), a common household fuel, saw a 7.3 per cent increase in demand, reaching 2,765 TMT, indicating steady usage in both residential and industrial sectors. Compared to November 2023, all key petroleum products experienced year-on-year growth. Petrol consumption expanded by 19.5 per cent compared to November 2022, while diesel usage rose by 5.1 per cent. ATF showed a significant 20.2 per cent growth over the two-year period, highlighting the aviation sector’s post-pandemic recovery. The LPG segment grew by 6.3 per cent over November 2022 and by an impressive 22.36 per cent compared to pre-COVID levels in November 2019, with a compounded annual growth rate (CAGR) of 4.12 per cent. Petrol and diesel also posted strong growth compared to the pre-pandemic period, up 34.83 per cent (CAGR: 6.16 per cent) and 7.83 per cent (CAGR: 1.52 per cent), respectively. Diesel consumption continued to dominate, accounting for a substantial share of the fuel market. The 8.4 per cent year-on-year growth emphasized increased activity in transportation and industrial sectors during the month. An energy expert commented that the PPAC report highlights India’s rising energy demand across sectors, driven by economic activity and a revival in travel and industrial consumption. The steady increase in fuel consumption indicates a strong recovery trend, with energy demand surpassing pre-pandemic levels in most segments.

Next Story
Infrastructure Urban

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's  fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building  (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous  Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in  Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant  advancement in the company's commitment to engineered performance, manu..

Next Story
Infrastructure Urban

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Next Story
Infrastructure Urban

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App