April 27, 2021

India’s gas demand drops 3.6% in November – enterprise information

India’s gas demand fell 3.6 per cent year-on-year in November, reversing the return to regular consumption ranges attained within the earlier month.

Complete demand for petroleum merchandise in November fell to 17.83 million tonnes from 18.51 million tonnes a yr again, in keeping with provisional knowledge printed by the oil ministry’s Petroleum Planning and Evaluation Cell.

Gas consumption, nevertheless, posted a month-on-month improve for the third straight month, helped by reviving transportation and enterprise exercise.

India consumed 17.75 million tonnes in October – the month during which gas demand posted its first yearly improve since February as a spurt in diesel demand forward of the competition season pushed consumption to pre-Covid-19 ranges.

In October, the demand for petroleum merchandise rose by 2.5 per cent when in comparison with the year-ago interval.

Whereas petrol had reached pre-Covid ranges in September itself, diesel consumption returned to regular in October. Nevertheless, its demand fell once more in November.

Diesel demand, which had soared 7.four per cent year-on-year in October, dropped 6.9 per cent in November to 7.04 million tonnes. Month-on-month, the demand barely improved from 6.99 million tonnes.

Gas demand had snipped by 49 per cent in April after a nationwide lockdown, imposed to curb the unfold of coronavirus, shut industries and took most autos off-road.

The 69-day nationwide lockdown was adopted by native and state-level restrictions. Restrictions have eased solely slowly and in phases, whereas localised restrictions in containment zones stay.

The onset of the festive season has fuelled an increase in consumption, however public transport shouldn’t be again to regular ranges but as colleges and academic establishments proceed to stay shut in most components of the nation.

Demand for naphtha, which is used as industrial gas for producing electrical energy in addition to producing petrochemicals, surged 7.7 per cent to 1.Three million tonnes in November.

This along with an increase in different industrial fuels corresponding to gas oil signifies the return of financial exercise.

Additionally, bitumen, utilized in highway building, consumption jumped by 18 per cent to six,92,000 tonnes.

LPG – the one gas that confirmed progress even in the course of the lockdown interval on the again of the federal government giving free cooking fuel to the poor – was up four per cent at 2.Three million tonnes. However month-on-month, it posted a 2.eight per cent fall.

Aviation turbine gas or ATF gross sales virtually halved to three,72,000 tonnes as most airways are but to renew full operations. Month-on-month it improved by almost 5 per cent.