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Business Standard
3 days ago
- Business
- Business Standard
Petroleum product export earnings fell 13.4% to $3.3 bn in May: PPAC
Lower global crude prices reduced May petroleum export earnings to $3.3 billion even as outbound and import volumes rose and crude processing remained steady Subhayan Chakraborty New Delhi Listen to This Article Despite a rise in outbound trade volumes, lower global crude oil prices pulled down earnings from the export of refined petroleum products in May, latest data released by the Petroleum Planning and Analysis Cell (PPAC) showed. Receipts from petroleum exports fell 13.15 per cent to $3.3 billion in May, down from $3.8 billion in May 2024. In May, Brent crude prices hovered between $60 and $62 per barrel, compared to $80 per barrel a year earlier. As a result, there was a fall in the export of aviation turbine fuel and high speed diesel. In contrast, earnings had risen by
Time of India
31-05-2025
- Business
- Time of India
Natural gas availability rises 9.7% in April; LNG imports increase 19.1%: PPAC
New Delhi: India's natural gas availability for sale rose by 9.7 per cent to 5,416 million standard cubic metres (MMSCM) in April 2025 compared to 4,936 MMSCM in April 2024, according to provisional data released by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas. The increase in overall availability was driven by a 19.1 per cent rise in liquefied natural gas (LNG) imports, which stood at 2,977 MMSCM in April 2025 against 2,499 MMSCM in the corresponding month of the previous year. Gross domestic natural gas production fell to 2,908 MMSCM in April 2025, marking a 1.7 per cent decline from 2,958 MMSCM in April 2024. Net production available for sale also saw a marginal decline, registering 2,439 MMSCM in April 2025 compared to 2,437 MMSCM in the year-ago period. Natural gas consumption during the month stood at 5,847 MMSCM, with the fertiliser sector accounting for the highest share at 26 per cent, followed by city gas distribution (CGD) at 23 per cent, power generation at 15 per cent, refineries at 7 per cent, and petrochemicals at 5 per cent. In absolute terms, gas consumption by the fertiliser sector declined to 1,443 MMSCM from 1,652 MMSCM in April 2024. CGD consumption rose to 1,281 MMSCM from 1,213 MMSCM, while the power sector consumed 824 MMSCM, down from 945 MMSCM in the previous year. Refineries consumed 391 MMSCM, a decrease from 453 MMSCM, whereas the petrochemical sector saw a substantial rise to 297 MMSCM from 155 MMSCM in April 2024. Among states, Gujarat remained the top gas-consuming state with 43.82 million standard cubic metres per day (MMSCMD), followed by Uttar Pradesh at 27.78 MMSCMD, Maharashtra at 25.11 MMSCMD, and Delhi at 7.93 MMSCMD. Among offshore fields, western offshore contributed 6.66 MMSCMD. The total cumulative LNG imports during April 2025 increased to 2,977 MMSCM from 2,499 MMSCM in April 2024, while cumulative net domestic availability stood at 2,439 MMSCM. PPAC data also shows that total gas consumption surpassed the availability by 431 MMSCM in April 2025, reflecting a continued reliance on LNG imports to meet demand.
Time of India
26-05-2025
- Business
- Time of India
Petrol consumption rises 5%, diesel 4.4% in April; LPG up 6.2%, naphtha down 23.4%
New Delhi: Consumption of petroleum products in the country stood at 20.13 million metric tonnes (MMT) in April 2025, recording a marginal year-on-year decline of 0.2 per cent compared to 20.16 MMT in the same month last year, according to data released by the Petroleum Planning and Analysis Cell (PPAC). Petrol consumption increased 5 per cent to 3.45 MMT in April from 3.29 MMT in April 2024. Diesel, which accounts for the largest share in petroleum products consumption, recorded a 4.4 per cent increase to 8.28 MMT, up from 7.93 MMT in April last year. Consumption of LPG rose 6.2 per cent to 2.52 MMT during the month, as against 2.37 MMT in April 2024. The Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries accounted for 85.5 per cent of the domestic LPG demand in the month. As on April 30, 2025, the number of PMUY beneficiaries stood at 10.33 crore out of 32.99 crore active domestic connections. Aviation turbine fuel (ATF) consumption registered a 3.9 per cent increase at 0.77 MMT as compared to 0.74 MMT in April 2024. Bitumen consumption declined 4.7 per cent to 0.80 MMT. Naphtha consumption fell sharply by 23.4 per cent to 0.93 MMT during the month, compared to 1.22 MMT in April 2024, primarily due to lower offtake by petrochemical plants. Furnace oil and low sulphur heavy stock (LSHS) usage dropped 8.8 per cent to 0.48 MMT. Petcoke consumption declined 3.7 per cent to 1.74 MMT from 1.81 MMT in April last year. Kerosene consumption stood at 0.03 MMT, down 3.7 per cent year-on-year. Light diesel oil (LDO) consumption increased 67.8 per cent to 0.086 MMT, attributed to increased demand from the power sector. Natural gas consumption in April 2025 rose 9.1 per cent year-on-year to 5,901 MMSCM. The fertiliser sector accounted for 29 per cent of the total gas consumption, followed by city gas distribution at 21 per cent, power at 12.5 per cent, and refineries at 8 per cent. The report noted that cargo throughput at major ports increased 7.02 per cent during the month, while electricity consumption rose 2.2 per cent to 139.99 billion units. Total highway toll collection for the month was ₹5,371 crore. The PPAC said the overall growth in petroleum products consumption was supported by increases in petrol, diesel, LPG, and ATF, while the decline in naphtha and fuel oil consumption contributed to the marginal dip in total POL demand.>
Time of India
23-05-2025
- Business
- Time of India
India's crude oil production falls 3.1% in April; POL exports down 12.4%: PPAC
New Delhi: India's indigenous crude oil and condensate production declined by 3.1 per cent year-on-year to 2.3 million metric tonnes (MMT) in April 2025, data released by the Petroleum Planning and Analysis Cell (PPAC) showed. Oil and Natural Gas Corporation (ONGC) produced 1.5 MMT during the month, Oil India Ltd (OIL) produced 0.3 MMT, while production under Production Sharing Contracts/Revenue Sharing Contracts (PSC/RSC) stood at 0.5 MMT. Total crude oil processed during April 2025 was 21.5 MMT, a decline of 0.6 per cent compared to April 2024. Of this, public sector and joint venture (PSU/JV) refiners processed 15.2 MMT, while private refiners processed 6.3 MMT. Indigenous crude oil processed stood at 1.9 MMT and imported crude processed was 19.6 MMT by all Indian refineries including public, joint venture and private players. The production of petroleum products was recorded at 22.4 MMT in April 2025, down by 4.2 per cent from the year-ago period. Of this, refinery production accounted for 22.1 MMT, while 0.3 MMT came from fractionators. The share of major petroleum products in the overall output included high-speed diesel (HSD) at 42.2 per cent, motor spirit (MS) at 17.5 per cent, naphtha at 6.5 per cent, aviation turbine fuel (ATF) at 6.4 per cent, pet coke at 5 per cent, and liquefied petroleum gas (LPG) at 4.4 per cent. The remaining share was contributed by bitumen, fuel oil/low sulphur heavy stock (FO/LSHS), light diesel oil (LDO), lubricants and others. Crude oil imports were lower by 1.0 per cent in April 2025 as compared to the corresponding month of the previous year. Imports of petroleum oil and lubricants (POL) products also declined by 9.0 per cent. The fall was attributed mainly to lower imports of fuel oil (FO) and lubricating oil/lube oil base stock (LOBS). Exports of POL products fell by 12.4 per cent in April 2025. The decline was primarily due to a reduction in the export of high-speed diesel (HSD) and aviation turbine fuel (ATF), according to the PPAC.
Time of India
20-05-2025
- Business
- Time of India
Crude oil output drops 3.1% in Apr; net oil import bill at $11.4 bn: PPAC
New Delhi: India's indigenous crude oil and condensate production fell by 3.1 per cent year-on-year to 2.3 million metric tonnes (MMT) in April 2025, according to data released by the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum and Natural Gas. Oil and Natural Gas Corporation (ONGC) produced 1.5 MMT, Oil India Ltd (OIL) produced 0.3 MMT, while fields under production sharing and revenue sharing contracts (PSC/RSC) produced 0.5 MMT during the month. Total crude oil processed by Indian refineries stood at 21.5 MMT in April 2025, down 0.6 per cent from April 2024. Public sector undertakings and joint ventures processed 15.2 MMT, and private refiners processed 6.3 MMT. Indigenous crude oil processed amounted to 1.9 MMT, while imported crude processed totalled 19.6 MMT. India's crude oil imports declined by 1.0 per cent year-on-year in April 2025. The country's net import bill for oil and gas during the month was USD 11.4 billion, compared with USD 12.4 billion in April 2024. Of the total, crude oil imports accounted for USD 10.8 billion, liquefied natural gas (LNG) imports for USD 1.3 billion, while petroleum product exports stood at USD 2.4 billion. The average price of Brent crude oil fell to USD 67.79 per barrel in April 2025 from USD 72.60 per barrel in March 2025 and USD 90.15 per barrel in April 2024. The Indian crude basket averaged USD 67.73 per barrel during April 2025, as against USD 72.47 in March 2025 and USD 89.44 in April 2024. Total production of petroleum products in April 2025 stood at 22.4 MMT, a decline of 4.2 per cent from April 2024. Of this, 22.1 MMT came from refineries and 0.3 MMT from fractionators. Among major petroleum products, high-speed diesel (HSD) accounted for 42.2 per cent of total production, motor spirit (MS) for 17.5 per cent, naphtha 6.5 per cent, aviation turbine fuel (ATF) 6.4 per cent, pet coke 5 per cent, and liquefied petroleum gas (LPG) 4.4 per cent. The remaining volume included bitumen, fuel oil/low sulphur heavy stock (FO/LSHS), light diesel oil (LDO), lubricants and others. Imports of petroleum products declined by 9.0 per cent year-on-year in April 2025, primarily due to a decrease in imports of fuel oil and lubricants/lube oil base stock (LOBS). Exports of petroleum products fell by 12.4 per cent, largely due to lower exports of HSD and ATF. Consumption of petroleum products stood at 20.1 MMT in April 2025, down 0.2 per cent from 20.2 MMT in April 2024. Consumption of HSD rose by 4.4 per cent, MS by 5.0 per cent, ATF by 3.9 per cent, and LPG by 6.2 per cent, while pet coke, superior kerosene oil (SKO), and other products registered a decline in consumption. The ethanol blending rate in petrol for April 2025 was 19.7 per cent. The cumulative blending during the period from November 2024 to April 2025 was 18.6 per cent. Total natural gas consumption, including internal consumption, was 5,901 million standard cubic metres (MMSCM) in April 2025, up 9.1 per cent from the same period last year. Gross natural gas production stood at 2,908 MMSCM, showing a decline of 1.7 per cent year-on-year. Prorated LNG imports for April 2025 were 3,031 MMSCM, which was 21.3 per cent higher than April 2024. A senior official from the Ministry of Petroleum and Natural Gas said, 'The monthly data reflects fluctuations in both upstream and downstream operations. While lower domestic crude and gas production remains a concern, the rise in natural gas consumption and ethanol blending signals ongoing diversification in fuel sources and operational adaptation to pricing trends.'
