Demand for petroleum products rises 2.8% in 2002-03

Vol 7, PW 1 (26 Mar 03) News in Brief
     

Demand for petroleum products rose by just 2.8% in 2002-03 over the previous year, according to figures released to parliament last month by oil minister Ram Naik.

Light diesel oil led the demand, with a 23.2% rise while demand for naphtha and natural gas liquid fell by 6.4%. Petrol sales were up 8.6% while diesel grew just 0.4%.

See below: Petroleum products demand in India estimated in 2002-03 in comparison to 2001-02. Figures in thousand tonnes Products 2001-02 2002-03 (Estimated) % Growth LPG 7,728 8,641 11.8 Petrol 7,011 7,612 8.6 Naphtha/Natural gas liquid 11,755 11,004 -6.4 Jet fuel 2,263 2,285 1 Kerosene 10,432 10,805 3.6 Diesel 36,546 36,684 0.4 Light diesel oil 1,592 1,962 23.2 Lubricants 1,137 1,397 22.9 Furnace oil/LSHS 12,982 12,743 -1.8 Bitumen 2,584 3,045 17.1 Other products 6,402 7,111 11.1 Total 1,00,432 1,03,289 2.8Installed production capacity of Indian petroleum product refineries is 116.07m t/y.

Actual production of all petroleum products put together in 2002-03 is estimated at 108.69m tonnes.