Page 37 - Policy Economic Report - October 2024
P. 37
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Petroleum products consumption in India
Monthly Review:
• Overall consumption of all petroleum products in September 2024 with a volume of 17.92 MMT
registered de-growth of 1.90% on volume of 18.27 MMT in September 2023.
• MS (Petrol) consumption during the month of September 2024 with a volume of 3.15 MMT
recorded a growth of 2.95% on volume of 3.06 MMT in September 2023.
• HSD (Diesel) consumption during the month of September 2024 with a volume of 6.37 MMT
recorded de-growth of 1.85% on volume of 6.49 MMT in the month of September 2023.
• LPG consumption during the month of September 2024 with a volume of 2.59 MMT registered
growth of 1.56% over the volume of 2.55 MMT in the month of September 2023.
• ATF consumption during September 2024 with a volume of 0.726 MMT registered a growth of
10.46% over the volume of 0.657 MMT in September 2023.
• Bitumen consumption during September 2024 with a volume of 0.501 MMT registered de-growth
of 8.42% over volume of 0.547 MMT in the month of September 2023.
• Kerosene consumption registered growth of 14.47% during the month of September 2024 as
compared to September 2023.
Table 6: Petroleum products consumption in India, September 2024 and Year till Date (YTD) 2024
Monthly Year till Date
Consumption of Petroleum Consumption MoM (%) YoY (%) Consumption YoY (%)
Products (P) in '000 MT change change in '000 MT change
LPG 2,591 -2.3% 1.6% 14,981 5.99%
-11.8% 3.5% 6,750 5.37%
Naphtha 1,033 -6.3% 3.0% 19,850 7.23%
-0.8% 10.5% 4,377 10.38%
MS 3,149 5.1% 14.5% 205 -21.64%
-2.0% -1.8% 44,388 0.87%
ATF 726 -11.0% 13.3% 390 -1.23%
2.7% 12.4% 2,324 25.85%
SKO 36 9.0% 6.7% 3,318 0.28%
22.8% -8.4% 3,836 -1.09%
HSD 6,373 -4.0% 6.2% 10,720 17.73%
-2.6% -40.3% 6,589 -7.07%
LDO 71 -2.7% -1.9% 1,17,728 4.27%
Lubricants & Greases 364
FO & LSHS 571
Bitumen 501
Petroleum coke 1,612
Others 887
TOTAL 17,916
Source- PPAC
Fiscal Year: 1st April 2024 – 31st March 2025
October 2024 Page | 36
