Pet coke production
India’s pet coke production in March 2025 rose to 1.32 million metric tonnes (mnt), marking a 10.5% increase over 1.19 mnt in February due to more working days in March. However, production was down 3.1% y-o-y from 1.36 mnt in March 2024, reflecting refinery product-mix preferences for higher-value fuels like diesel and petrol.
Cumulative production in FY’25 was 14.96 mnt, marginally lower than 15.05 mnt in FY’24, a decline of approximately 1%. As a share of total petroleum products, pet coke contributed 5.29% in March (total production: 24.91 mnt) and 5.27% cumulatively in FY’25 (total: 280.45 mnt), slightly below the 5.45% share recorded in FY’24.
Domestic production met 69.9% of March’s pet coke consumption needs, with the remainder filled by imports.
Pet coke consumption
India’s pet coke consumption in March rose slightly to 1.89 mnt, up 1.84% from 1.85 mnt in February. The figure marked a 15.6% y-o-y increase from 1.63 mnt in March 2024, underlining strong industrial demand, particularly from the cement sector.
For the full fiscal year (FY’25), consumption reached 22.06 mnt, up 15.43% from 19.11 mnt in FY’24. The monthly average consumption during FY’25 stood at 1.84 mnt, significantly higher than the 1.49 mnt average in FY’23. The increase is supported by stronger infrastructure activity post-monsoons, which typically sustains demand until June.
Outlook
Pet coke imports continue to be regulated by the DGFT, with revised annual import allocations for calciners expected to boost demand further in FY’25. Cement remains the primary consumer, with demand likely to stay firm through the pre-monsoon months.
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