New Delhi: Of India fuel demand It is expected to grow 5.5% in the next fiscal year starting April 1, preliminary government estimates show, reflecting a pick-up in industrial activity and mobility in Asia’s third-largest economy after months of stagnation.
India’s fuel consumption in 2022-23, a proxy for oil demandAccording to government forecasts, the revised estimate for the current fiscal ending March 2022 may increase to 214.5 million tonnes from 203.3 million tonnes.
Estimates were released on the website Petroleum Planning & Analysis Cell (PPAC), a unit of the Federal Ministry of Oil.
Local demand for gasoline, mainly used in passenger vehicles, is expected to rise 7.8% to 33.3 million tonnes, while gasoil consumption is expected to increase by about 4% to 79.3 million tonnes, the data showed.
Aviation fuel consumption is expected to increase by nearly 50% to 7.6 million tonnes as compared to the revised estimate of 5.1 million tonnes for the year ended March 2022.
PPAC said demand for petcoke, a better-burning alternative to coal, is expected to grow 2.8% to 14.8 million tonnes, while demand for liquefied petroleum gas, used as cooking fuel, is projected to grow 4.5% to 29.7 million tonnes.
The table below shows the government’s projections for the financial years ending March 2022 and March 2023.
India’s fuel consumption in 2022-23, a proxy for oil demandAccording to government forecasts, the revised estimate for the current fiscal ending March 2022 may increase to 214.5 million tonnes from 203.3 million tonnes.
Estimates were released on the website Petroleum Planning & Analysis Cell (PPAC), a unit of the Federal Ministry of Oil.
Local demand for gasoline, mainly used in passenger vehicles, is expected to rise 7.8% to 33.3 million tonnes, while gasoil consumption is expected to increase by about 4% to 79.3 million tonnes, the data showed.
Aviation fuel consumption is expected to increase by nearly 50% to 7.6 million tonnes as compared to the revised estimate of 5.1 million tonnes for the year ended March 2022.
PPAC said demand for petcoke, a better-burning alternative to coal, is expected to grow 2.8% to 14.8 million tonnes, while demand for liquefied petroleum gas, used as cooking fuel, is projected to grow 4.5% to 29.7 million tonnes.
The table below shows the government’s projections for the financial years ending March 2022 and March 2023.
,