Petrol consumption rises 8% YoY in September; diesel up 4%

Consumption of petrol rose 8% year-on-year in September while that of diesel increased 4% on increased mobility and economic activity ahead of the festive season.

The consumption of jet fuel rose 12% as more people flew, boosting revenues for airlines. Sales of liquefied petroleum gas (LPG), mainly used for cooking in the country, expanded 4.5% in September. Consumption of bitumen, used mainly for road construction, rose 45%.

The combined consumption of all refined products, a proxy for oil demand, grew 7.6% year-on-year in September in the country.


Commercial mobility rises ahead of the festive season as retailers move consumer goods from factories to their warehouses and stores. Most e-commerce platforms launched their annual sales in the past few days for which they would have stocked up last month.

Diesel, which comprises 40% of all refined products in the country, is used mainly for long-distance transport, mining, farming, and backup power generation.

Consumption of petcoke rose 6.5% while that of fuel oil fell 11% in September.