The report highlighted notable trends in various fuel types, including a 4.6% rise in motor spirit (MS) or petrol consumption, which stood at 3.30 MMT for the month, compared to 3.15 MMT the previous year. Diesel (HSD) usage modestly grew by 1.0% to 7.98 MMT, while aviation turbine fuel (ATF) consumption surged by 10%, reflecting increased air traffic across the country.
Additionally, the domestic sale of passenger vehicles in June 2024 saw a 4.9% increase, with sales reaching 294,000 units up from 280,000 in June 2023. In contrast, kerosene (SKO) consumption saw a significant decline of 28.8%, primarily used within the Public Distribution System (PDS).
Liquefied petroleum gas (LPG) usage, largely driven by domestic consumption, which accounts for 90% of the LPG market, rose by 3.2% to 2.31 MMT. This increase is attributed to the growth in the Pradhan Mantri Ujjwala Yojana (PMUY) segment and various state schemes.
Ethanol blending reached 15.9% in June 2024, with 14,476 retail outlets now offering E20 fuel, which blends gasoline with 20% ethanol. Meanwhile, total natural gas consumption during the month was reported at 5,594 million standard cubic meters (MMSCM), marking a 7.1% increase from the previous year.
As of June 30, 2024, India had 32.68 crore active LPG domestic connections, with 10.33 crore under the PMUY initiative.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
