Page 48 - Policy Economic Report - September 2026

POLICY AND ECONOMIC
OIL & GAS MARKET

Table 6: Singapore FOB, refined product prices ($/bbl) in August 2026

Singapore product prices Price ($/b) MoM (%) YoY (%)
change change
39.4%
Naphtha 87.43 -1.1% 43.8%
42.2%
Premium gasoline (unleaded 95) 115.23 4.8% 75.7%
81.1%
Regular gasoline (unleaded 92) 110.88 3.8% 72.2%
45.5%
Jet/Kerosene 148.40 6.4%

Gasoil/Diesel (50 ppm) 155.88 9.8%

Fuel oil (180 cst 2.0% S) 145.45 9.7%

Fuel oil (380 cst 3.5% S) 89.28 15.8%

Source: OPEC

Petroleum products consumption in India

Monthly Review:
• Overall consumption of all petroleum products in August 2026 with a volume of 18.61 MMT
registered de-growth of 2.80% on volume of 19.14 MMT in August 2025.

• MS (Petrol) consumption during the month of August 2026 with a volume of 3.84 MMT recorded
a growth of 8.23% on volume of 3.54 MMT in August 2025.

• HSD (Diesel) consumption during the month of August 2026 with a volume of 7.02 MMT recorded
growth of 6.79% on volume of 6.58 MMT in the month of August 2025.

• LPG consumption during the month of August 2026 with a volume of 2.35 MMT registered de-
growth of 17.14% over the volume of 2.83 MMT in the month of August 2025.

• ATF consumption during August 2026 with a volume of 0.726 MMT registered growth of 2.15%
over the volume of 0.710 MMT in August 2025.

• Bitumen consumption during August 2026 with a volume of 0.442 MMT registered a growth of
20.1% over volume of 0.369 MMT in the month of August 2025.

• Kerosene consumption registered a growth of 17.20% during the month of August 2026 as
compared to August 2025.

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