India's Fuel Consumption Rises 2.6% in June with ATF, Petrol Surge
25 Jul 2024
2 Min Read
CW Team
In June, India experienced a 2.6% increase in fuel consumption compared to the previous year, primarily driven by a rise in aviation turbine fuel (ATF) and petrol usage. This growth reflects the country?s ongoing economic recovery and increased travel activities.
Aviation turbine fuel saw a significant uptick as air travel continues to rebound, with more flights operating domestically and internationally. This surge in ATF demand highlights the aviation sector's recovery from the pandemic-induced downturn.
Petrol consumption also rose, fueled by the easing of travel restrictions and a boost in personal mobility. As people returned to offices and resumed regular activities, the demand for petrol experienced a steady climb.
However, diesel consumption remained relatively stable, with only a slight increase. Diesel, being a key indicator of economic activity, reflects the ongoing industrial and agricultural processes in the country.
The overall growth in fuel consumption is a positive sign for the Indian economy, indicating increased mobility and economic activities. This trend is expected to continue as the country further stabilizes post-pandemic.
Industry experts note that the rising fuel demand aligns with global trends, as economies worldwide recover and travel picks up. This growth also underscores the importance of managing energy resources efficiently to meet the increasing demands sustainably.
The government's focus on infrastructure development and policy support for the energy sector is expected to play a crucial role in maintaining this upward trajectory in fuel consumption.
In June, India experienced a 2.6% increase in fuel consumption compared to the previous year, primarily driven by a rise in aviation turbine fuel (ATF) and petrol usage. This growth reflects the country?s ongoing economic recovery and increased travel activities.
Aviation turbine fuel saw a significant uptick as air travel continues to rebound, with more flights operating domestically and internationally. This surge in ATF demand highlights the aviation sector's recovery from the pandemic-induced downturn.
Petrol consumption also rose, fueled by the easing of travel restrictions and a boost in personal mobility. As people returned to offices and resumed regular activities, the demand for petrol experienced a steady climb.
However, diesel consumption remained relatively stable, with only a slight increase. Diesel, being a key indicator of economic activity, reflects the ongoing industrial and agricultural processes in the country.
The overall growth in fuel consumption is a positive sign for the Indian economy, indicating increased mobility and economic activities. This trend is expected to continue as the country further stabilizes post-pandemic.
Industry experts note that the rising fuel demand aligns with global trends, as economies worldwide recover and travel picks up. This growth also underscores the importance of managing energy resources efficiently to meet the increasing demands sustainably.
The government's focus on infrastructure development and policy support for the energy sector is expected to play a crucial role in maintaining this upward trajectory in fuel consumption.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
