LPG consumption in India decreased by 13% due to the conflict in West Asia. This drop has significantly impacted energy markets.
Petrol sales, however, saw an increase of 7.6%, reaching 3.78 million tons. In contrast, diesel consumption increased by 8.1% to 8.727 million tons.
The decrease in LPG usage is notable. Total LPG consumption dropped from 2.729 million tons last year to 2.379 million tons.
Domestic LPG sales fell by 8.1% to 2.219 million tons. Commercial LPG usage saw a staggering decrease of approximately 48%.
Bulk LPG sales plummeted by 75.5%. These trends indicate a shift in consumer behavior and market dynamics.
Indian refineries have been instructed to increase LPG production from petrochemical feedstock. This move aims to stabilize supply amid disruptions.
The Indian oil and gas market is projected to grow significantly. Demand is expected to reach 5.99 million barrels per day by 2026.
India’s dependence on imports for crude oil remains high at approximately 88-90%. For LPG, dependence stands at around 60%.
Geopolitical tensions in West Asia have caused supply disruptions affecting both commercial and domestic users—this has reshaped energy priorities.
The current state highlights a complex interplay of demand shifts and supply challenges in the Indian energy sector. Stakeholders must navigate these evolving conditions carefully.
