Page 32 - Policy & Economic Report - June 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

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

Singapore product prices Price ($/b) MoM (%) YoY (%)
change change
Naphtha 61.53 -1.0% -14.9%
Premium gasoline (unleaded 95) 76.63 0.0% -19.7%
Regular gasoline (unleaded 92) 74.94 -0.5% -17.7%
Jet/Kerosene 78.09 -3.3% -18.2%
Gasoil/Diesel (50 ppm) 79.09 -2.9% -18.4%
Fuel oil (180 cst 2.0% S) 77.37 -3.5% -17.8%
Fuel oil (380 cst 3.5% S) 65.30 0.7% -16.3%
Source- OPEC

Petroleum products consumption in India

Monthly Review:

• Overall consumption of all petroleum products in May 2025 with a volume of 21.32 MMT
registered growth of 1.13% on volume of 21.08 MMT in May 2024.

• MS (Petrol) consumption during the month of May 2025 with a volume of 3.82 MMT recorded a
growth of 9.22% on volume of 3.46 MMT in May 2024.

• HSD (Diesel) consumption during the month of May 2025 with a volume of 8.59 MMT recorded
growth of 2.16% on volume of 8.41 MMT in the month of May 2024.

• LPG consumption during the month of May 2025 with a volume of 2.66 MMT registered a growth
of 10.37% over the volume of 2.41 MMT in the month of May 2024.

• ATF consumption during May 2025 with a volume of 0.776 MMT registered a growth of 4.34%
over the volume of 0.744 MMT in May 2024.

• Bitumen consumption during May 2025 with a volume of 0.803 MMT registered de-growth of
14.54% over volume of 0.940 MMT in the month of May 2024.

• Kerosene consumption registered growth of 28.82% during the month of May 2025 as compared
to May 2024.

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