The nation’s gas demand soared 4.2 per cent to a three-year excessive in March as petrol and diesel consumption rose above pre-pandemic ranges, in line with official knowledge launched on Monday.
Total petroleum product consumption in March stood at 19.41 million tonnes, the very best since March 2019, knowledge from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry confirmed.
As the economic system continued to rebound from the deep affect of the third wave of the COVID-19 pandemic, demand for transport gas rose in March.
Diesel, probably the most used gas within the nation accounting for nearly 40 per cent of all petroleum product consumption, noticed the demand rising by 6.7 per cent to 7.7 million tonnes. Petrol gross sales, which crossed the pre-Covid ranges a number of months in the past, had been up 6.1 per cent at 2.91 million tonnes.
Demand for each the fuels in March was above pre-pandemic ranges.
Diesel consumption was increased resulting from sturdy demand from agriculture sector in addition to stocking up by customers and petrol pumps in anticipation of a worth hike.
Cooking gasoline (LPG) demand grew by 9.8 per cent to 2.48 million tonnes in March.
Fuel demand within the fiscal 12 months ending March 31, 2022 was up 4.3 per cent at 202.71 million tonnes, the very best since 2019-20.
While auto and cooking gas consumption rose, there was a de-growth in industrial gas.
Petrol consumption was up 10.3 per cent at 30.85 million tonnes in 2021-22 whereas diesel gross sales had been up 5.4 per cent at 76.7 million tonnes.
The demand for petrol in 2021-22 was the very best ever whereas the diesel gross sales had been the very best since 82.6 million tonnes of consumption in 2019-20.
Consumption of LPG was up 3 per cent at 28.33 million tonnes.
Jet gas or aviation turbine gas (ATF) demand soared 35 per cent to five million tonnes however was lower than 8 million tonnes consumption within the pre-pandemic 12 months. This was primarily as a result of full aviation providers resumed solely in the direction of the tip of the final month.
Petroleum coke consumption fell 9.7 per cent to 14.1 million tonnes whereas kerosene demand was down 17 per cent at 1.5 million tonnes in 2021-22.
Consumption of naphtha, which is used as a gas in industries, in addition to that of bitumen, utilized in highway development, had been marginally increased at 14.2 million tonnes and seven.7 million tonnes, respectively.