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India’s Petrol Consumption Doubles in 10 Years, Records 117% Growth annually

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India's annual petrol consumption doubles in a decade, posts 117% growth

India’s petrol consumption has more than doubled over the past decade, according to data from the Ministry of Petroleum and Natural Gas. Between 2013-14 and 2023-24, annual petrol consumption in the country surged by 117%, raising concerns about environmental pollution and vehicular emissions.

The significant growth in petrol consumption over the last decade comes at a time when environmental conservation and carbon emission reduction efforts are at the forefront. The increase in petrol usage can be attributed to the rise in vehicle sales, particularly passenger vehicles, following the Covid-19 pandemic. This surge in demand for personal mobility has led to a higher demand for petrol.

In contrast, diesel consumption in India increased by 31% during the same period, highlighting the shift in preference from diesel to petrol vehicles. Factors such as deregulation, rising disposable incomes, and the narrowing price gap between petrol and diesel have contributed to the rise in petrol-propelled vehicle sales.

In March 2024, India experienced its second-highest levels of petrol and diesel consumption, reflecting the growing demand for personal and commercial mobility. The Petroleum Planning and Analysis Cell reported that total fuel demand stood at 4.99 million barrels per day in March, with petrol sales increasing by 6.9% year-on-year to 3.32 million tonnes, and diesel sales rising by 3.1% to 8.04 million tonnes.

Overall, India’s fuel demand reached a record high of 4.67 million barrels per day in FY24, with petrol sales increasing by 6.4% and diesel sales by 4.4% compared to the previous fiscal year. The data underscores the evolving fuel consumption patterns in the country, with petrol emerging as the preferred choice for Indian consumers.

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