Consumption of petroleum products (POL) stood at 16.3 million tonnes in June, surpassing the consumption level of March and inching closer to pre-lockdown levels.
Story: Shivani Sharma
Design: Mohsin Shaikh
Before the nationwide lockdown was announced, average monthly POL consumption between April 2019 and February 2020 was 18 million tonnes. Consumption declined by 45.8 per cent YoY in April.
In June 2020, petrol consumption was 13.6 per cent lower than it was in June 2019. Nevertheless, this was much better than the 60 per cent YoY fall recorded in April.
High speed diesel is used in transportation and as fuel for industrial and agricultural activities. 6.3 million tonnes of high speed diesel were consumed in June 2020. Consumption of high speed diesel in June crossed consumption levels of March 2020 and inched close to pre-lockdown levels.
Demand for ATF to record a severe decline in June. Consumption of ATF declined by 65.8 per cent during the month on a YoY basis. But this was an improvement compared to 91.4 per cent fall recorded in April 2020.
Liquefied petroleum gas (LPG) consumption remained unaffected by the lockdown. LPG is majorly used for domestic consumption as cooking gas. Its consumption recorded double digit YoY growth throughout the April-June period.
After declining sharply for three consecutive months, consumption of bitumen & asphalt, and petroleum coke recovered in June. Bitumen & asphalt is majorly used for construction of roads. Consumption of bitumen & asphalt was 27.6 per cent higher during the month.
Furnace oil consumption declined by 36.5 per cent in April 2020 from last year same month. It declined by 2.4 per cent YoY in May and gradually inched up in June by 6.2 per cent.