Page 34 - Policy Economic Report - June 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

• Kerosene consumption registered de-growth of 40.62% during the month of May 2024 as
compared to May 2023.

Table 7: Petroleum products consumption in India, May 2024 and Year till Date (YTD) 2024

Monthly Year till Date

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

LPG 2393 1.5% 1.9% 4751 5.5%
-7.9% -7.3% 2221 -0.3%
Naphtha 1065 4.4% 2.4% 6713 7.8%
0.2% 10.9% 1485 12.0%
MS 3429 -6.7% -40.6% -28.2%
5.5% 1.8% 52 1.6%
ATF 743 21.2% -10.3% 16291 -13.1%
11.6% 13.4% 113 9.8%
SKO 25 8.9% -7.6% 628 -12.5%
-1.8% 10.3% 1017 10.5%
HSD 8365 -2.4% 14.2% 1647 14.9%
6.5% -7.2% 3302 7.3%
LDO 62 3.2% 2.1% 2124 4.5%
40343
Lubricants & Greases 331

FO & LSHS 530

Bitumen 816

Petroleum coke 1630

Others 1095

TOTAL 20485

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

JUNE 2024 Page | 33