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India's volatile POL consumption trend-II: Petcoke consumption continues to go up
Nov 30:
Some of the key petroleum products needed to keep the economy going are showing negative growth rates
8Bitumen consumption was down 11%
8Naphtha was down 7.2%
8FO/LSHS declined by 4.6%
8But the fact that petcoke registered a growth of 7.3% in October has come as a surprise, now that its use (and that of fuel oil) is banned in the NCR region.
8Then again, even if fuel oil consumption declined in October, its rate of decline is lower than for the consolidated April-October period.
8Clearly, the consumption of dirty fuels in India's economy continues. One reason could be a substitution effect resulting from high spot LNG prices.
Click on Reports for more
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8Bitumen consumption was down 11%
8Naphtha was down 7.2%
8FO/LSHS declined by 4.6%
8But the fact that petcoke registered a growth of 7.3% in October has come as a surprise, now that its use (and that of fuel oil) is banned in the NCR region.
8Then again, even if fuel oil consumption declined in October, its rate of decline is lower than for the consolidated April-October period.
8Clearly, the consumption of dirty fuels in India's economy continues. One reason could be a substitution effect resulting from high spot LNG prices.
Click on Reports for more
