Fuel consumption falls 9.1% in FY21

Fuel consumption in India jumped 18% in March this year compared to the same period last year, but overall consumption during the 2020-21 financial year fell about 9.1%, according to government data that reflects the unprecedented disruption in economic activity due to the Covid-19 pandemic.

However, the data for March from both years—this year, 18.77 million tonne of fuel was consumed compared to 15.93 in 2020—now add to several metrics that reflect a robust recovery in the economy.

The country’s annual consumption of petroleum products in 2020-21 was 194.63 million tonne, compared to 214.13 million tonne in 2019-20, according to the oil ministry’s data keeper, the Petroleum Planning and Analysis Cell (PPAC).