India’s total consumption of petroleum products during Apr-Dec’21 stood at 148.3 million tonnes (mnt) against 141.4 mnt in the same period last year, thus recording a y-o-y rise of 5%.
In the latest figures available for Dec’21, the consumption stood at 18.4 mnt, down 7% m-o-m and largely unchanged on a y-o-y basis.
The total consumption of all petroleum products gives the overall consumption in the country, including domestic sales by all oil companies and products imported. These products are used in various applications in different sectors like railways, steel, coal, power, cement etc.
Product-wise consumption (in mnt):
Notably, HSD (high speed diesel), MS (motor spirit), LPG (liquified petroleum gas), naphtha and petcoke contribute to 80% of total petroleum products consumption.
*Quantity in mnt
(Source: govt data, as per updated figs for CY and FY)
High speed diesel is used mainly as a transportation fuel in rail or road transportation. Motor spirit, on the other hand, is used in private vehicles and two-wheelers, while LPG is majorly used for cooking and in specific industrial applications.
The percentage share of pet coke recorded a drop of 21% during Apr-Dec’21 amid its continuous price increase in both international and domestic markets, which thereby compelled several cement manufacturers to switch to thermal coal.
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