India's LPG consumption slides 16% in April amid West Asia conflict
PPAC said LPG consumption fell in April, but the decline was lower than the 12.8% year-on-year drop seen in March.
PTI
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India imports 60% of LPG via Strait of Hormuz, which disrupted after US-Israel strikes on Iran & Tehran’s retaliation (PTI)
New Delhi, May 4
India's cooking gas LPG consumption fell by a steep 16 per cent in April as supply disruptions linked to the West Asia conflict hit availability for both household kitchens and commercial users, according to latest official data.
LPG
consumption stood at 2.2 million tonnes in April, 16.16 per cent lower than
2.62 million tonnes consumed in the same period last year. The consumption was
10.5 per cent lower than the 2.45 million tonnes of LPG sales in April 2024.
It was
also down month-on-month, lower than the 2.379 million tonnes of consumption in
March, according to data from the Oil Ministry's Petroleum Planning and
Analysis Cell (PPAC).
India
imports about 60 per cent of its LPG requirements, much of it via the Strait of Hormuz, which was effectively shut following US and Israeli strikes on Iran and
Tehran's retaliation. With supplies from Saudi Arabia and the United Arab
Emirates disrupted, the government cut LPG supplies to commercial
establishments like hotels and industries to safeguard household cooking gas
availability.
Also,
supplies to households were regulated by increasing the gap between two
refills.
According
to PPAC, the decline in LPG consumption in April was lower than the 12.8 per
cent year-on-year fall in March.
LPG consumption had grown at a steady pace in recent years, driven by government
efforts to replace firewood and other polluting fuels with cleaner
alternatives.
With the
war leading to airspace closure in many Gulf countries and suspension of
flights, jet fuel or ATF consumption fell 1.37 per cent to 761,000 tonnes in
April when compared to the previous year. It was also down month-on-month from
807,000 tonnes of sales in March.
Other than
the two war-impacted fuels, diesel sales also moderated with just a 0.25 per
cent rise to 8.282 million tonnes. In March, diesel sales had risen 8.1 per
cent to 8.727 million tonnes.
Petrol
sales were up 6.36 per cent to 3.67 million tonnes in April. The growth was
lower than the 7.6 per cent rise in March to 3.78 million tonnes.
Consumption of diesel was 4.5 per cent higher than 7.925 million tonnes in April 2024. Petrol sales were 11.7 per cent higher than 3.825 million tonnes in April 2024.
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