Page 33 - Policy Economic Report - September 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Petroleum products consumption in India

Monthly Review:

• Overall consumption of all petroleum products in August 2024 with a volume of 18.35 MMT
registered de-growth of 1.18% on volume of 18.57 MMT in August 2023.

• MS (Petrol) consumption during the month of August 2024 with a volume of 3.36 MMT recorded
a growth of 8.63% on volume of 3.09 MMT in August 2023.

• HSD (Diesel) consumption during the month of August 2024 with a volume of 6.50 MMT recorded
de-growth of 2.52% on volume of 6.67 MMT in the month of August 2023.

• LPG consumption during the month of August 2024 with a volume of 2.65 MMT registered growth
of 7.66% over the volume of 2.46 MMT in the month of August 2023.

• ATF consumption during August 2024 with a volume of 0.732 MMT registered a growth of 8.11%
over the volume of 0.677 MMT in August 2023.

• Bitumen consumption during August 2024 with a volume of 0.415 MMT registered de-growth of
25.14% over volume of 0.554 MMT in the month of August 2023.

• Kerosene consumption registered de-growth of 33.51% during the month of August 2024 as
compared to August 2023.

Table 6: Petroleum products consumption in India, August 2024 and Year till Date (YTD) 2024

Monthly Year till Date

Consumption of Petroleum Consumption MoM (%) YoY (%) Consumption YoY (%)
Products (P) in '000 MT change change in '000 MT change

LPG 2,649 0.7% 7.7% 12363 6.73%
0.6% 3.0% 5697 5.36%
Naphtha 1,161 1.9% 8.6% 16701 8.07%
0.7% 8.1% 3651 10.37%
MS 3,360 -15.4% -33.5% 169 -26.63%
-9.6% -2.5% 38019 1.36%
ATF 732 31.2% 5.4% 319 -3.96%
-2.2% 12.1% 1948 27.96%
SKO 35 -0.9% -0.3% 2738 -1.28%
-17.9% -25.1% 3475 4.31%
HSD 6,502 -6.6% 7.2% 8492 11.92%
-35.8% -39.2% 5677 1.28%
LDO 80 -6.7% -1.2% 99250 4.86%

Lubricants & Greases 363

FO & LSHS 525

Bitumen 415

Petroleum coke 1,615

Others 912

TOTAL 18,349

Source- PPAC
Fiscal Year: 1st April 2024 – 31st March 2025

September 2024 Page | 32