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India’s fuel consumption rises in October; Petrol demand up 8.3%, diesel steady
India’s petrol consumption rose by 8.3% year-on-year in October 2024, reaching 3,401 thousand metric tonnes (TMT) compared to 3,140 TMT in the same month last year, according to the latest data from the Petroleum Planning and Analysis Cell(PPAC). Diesel consumption, however, remained flat, inching up only 0.08% to 7,640 TMT from 7,634 TMT in October 2023.
Aviation turbine fuel (ATF) saw a notable rise, with consumption increasing by 8.58% to 751 TMT, up from 692 TMT in October 2023. This reflects the ongoing recovery in the aviation sector as both domestic and international travel continue to rise toward pre-pandemic levels. Meanwhile, LPG consumptionalso climbed 7.46% year-on-year to 2,820 TMT, up from 2,625 TMT in October 2023, signaling stable demand in Indian households for cooking fuel.
Compared to pre-COVID levels in October 2019, the report shows substantial growth across fuel categories. Petrol usage surged by 33.95% with a compound annual growth rate (CAGR) of 6.02%, reflecting increased reliance on personal transportation. Diesel demand, while showing slower growth, registered a 17.36% increase over the same period, with a CAGR of 3.25%, underscoring diesel’s continued importance in sectors like freight and logistics.
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