India's fuel demand up around 5% in FY24, at a record high driven by auto fuel and naphtha sales
Electric vs Petrol: Ather launches new family e-scooter ‘Rizta’, CEO Tarun Mehta says continuation of subsides vital Contrastingly, fuel demand for FY24, ending in March, reached a record high of 233.276 million tons (4.67 mbpd). This figure surpassed the previous year's consumption of 223.021 million tons (4.48 mbpd).
Diesel: Sales of diesel, predominantly utilised by trucks and commercially operated passenger vehicles, saw a 3.1 percent YoY increase in March, reaching 8.04 million tonnes. For the previous fiscal year, diesel sales rose by 4.4 percent.
Also Read | Commercial LPG, jet fuel prices cut ahead of polls Gasoline: March saw a surge of 6.9 percent YoY in gasoline sales, totaling 3.32 million tons. The fiscal year also observed a rise of 6.4 percent in gasoline sales.
Bitumen: Sales of bitumen, essential for road construction, remained largely stable in March but experienced a notable increase of 9.9 percent in FY24. Also Read | Nitin Gadkari vows to eliminate petrol, diesel vehicles in India soon: 'Not impossible' Cooking Gas and Naphtha: Cooking gas sales, or liquefied petroleum gas (LPG), climbed by 8.6 percent to 2.61 million tonnes, while naphtha sales surged by 5.5 percent to approximately 1.19 million tonnes compared to last March.
Fuel Oil: Usage of fuel oil saw a decline of 9.7 percent YoY in March and decreased by 6.3 percent for the fiscal year. (With inputs from Reuters)Milestone Alert!
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