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
Real Estate

Jharkhand to Allot 181 Flats via Online Lottery in February

The Jharkhand State Housing Board (JSHB) will allot 181 houses and flats through an online lottery system starting February. The process will be held for the first time entirely online, and interested applicants can apply from February 10 to March 10 via the JSHB's official website. Properties will be available under different categories, with the allotment based on a 90-year lease. Categories include Economically Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG), and Higher Income Group (HIG), with varying sizes of houses and prices. For EWS, houses will have a super b..

Next Story
Infrastructure Urban

UP Cabinet Okays Municipal Bonds for Infrastructure

In a significant move aimed at bolstering infrastructure development in Uttar Pradesh, the state Cabinet approved the issuance of municipal bonds for the cities of Prayagraj, Varanasi, and Agra. The decision was made during a cabinet meeting chaired by Chief Minister Yogi Adityanath, which took place in the Maha Kumbh Mela area in Prayagraj. The new initiative will see the issuance of municipal bonds, enabling these cities to raise funds from the market for infrastructure projects. For every billion raised through these bonds, the state government will provide an additional Rs 130 million as ..

Next Story
Infrastructure Urban

Haryana Proposes New Policy on Tree Felling

The Haryana government has proposed a new policy on tree felling across non-forest land, which would remove the requirement for approval in urban areas on plots allocated by government bodies for residential, industrial, or infrastructure development. Currently, the forest department’s consent is mandatory for tree felling. The proposed policy seeks to replace all previous directives on tree felling outside forest areas, including those areas notified under Section 3 of the Punjab Land Preservation Act (PLPA), 1900. A committee is set to be formed to finalize the policy and revise compensat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000