Page 36 - Policy Economic Report - August 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Table 5: Singapore FOB, refined product prices ($/bbl) in July 2025

Singapore product prices Price ($/b) MoM (%) YoY (%)
change change
Naphtha 62.89 -1.9% -15.9%
Premium gasoline (unleaded 95) 79.59 -2.9% -17.5%
Regular gasoline (unleaded 92) 77.90 -2.7% -15.5%
Jet/Kerosene 87.14 2.8% -11.4%
Gasoil/Diesel (50 ppm) 90.49 4.3% -8.7%
Fuel oil (180 cst 2.0% S) 88.34 3.8% -10.4%
Fuel oil (380 cst 3.5% S) 62.84 -9.3% -19.0%
Source- OPEC

Petroleum products consumption in India

Monthly Review:

• Overall consumption of all petroleum products in July 2025 with a volume of 19.43 MMT
registered de-growth of 4.02% on volume of 20.24 MMT in July 2024.

• MS (Petrol) consumption during the month of July 2025 with a volume of 3.49 MMT recorded a
growth of 5.93% on volume of 3.30 MMT in July 2024.

• HSD (Diesel) consumption during the month of July 2025 with a volume of 7.36 MMT recorded
growth of 2.36% on volume of 7.19 MMT in the month of July 2024.

• LPG consumption during the month of July 2025 with a volume of 2.78 MMT registered a growth
of 4.76% over the volume of 2.65 MMT in the month of July 2024.

• ATF consumption during July 2025 with a volume of 0.710 MMT registered de-growth of 2.35%
over the volume of 0.727 MMT in July 2024.

• Bitumen consumption during July 2025 with a volume of 0.458 MMT registered growth of 12.17%
over volume of 0.408 MMT in the month of July 2024.

• Kerosene consumption registered de-growth of 11.37% during the month of July 2025 as
compared to July 2024.

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