The monthly consumption of petroleum-based products in November has dropped by 1.7 per cent to 17,273, reports the Economic Times.
Data from the Petroleum Planning and Analysis Cell (PPAC), the statistical arm of India's oil ministry, shows the decline in use of Liquefied Petroleum Gas (LPG), diesel, kerosene and petcoke.
The LPG consumption has decreased in November for the first time in five years and two months. Data from PPAC shows, LPG usage in November 2018 dropped by 7.34 per cent to reach 1,842 tonnes, against 1,988 tonnes in November 2017.
The consumption of cooking gas has increased over the past few years because of the increase in LPG usage under the Pradhan Mantri Ujjwala Yojana (PMUY), with state-owned Oil Marketing Companies (OMCs) distributing 5.84 crore LPG connections.
Data reveals the LPG penetration in India has increased to 88.5 per cent in 2018 against 56.2 per cent in 2015. However, a senior executive from an OMC believes the LPG penetration in India is reaching its saturation point and expects consumption of LPG to remain stable or decline in future.
On the back of the increase of two-wheelers in India, petrol consumption rose by 8.72 per cent to 2,318 tonnes in November. According to Society of Indian Automobile Manufacturers (SIAM), the sale of two-wheelers in November grew by 7.15 per cent. Despite the growth of sales of commercial vehicles, diesel consumption has shrunk by 4.80 per cent to 6,921 tonnes in November.
The consumption of Aviation Turbine Fuel (ATF) reached 683 tonnes in November, growing by 5.07 per cent against last November. Despite the rise of the use of pet-coke by the cement industry, according to PPAC, consumption of the polluting fuel witnessed a decline of 2.26 per cent to 1,856 tonnes.
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