Kerosene consumption in the country has declined sharply by 26 per cent CAGR between 2013-14 and 2022-23, mainly due to government policies to promote clean energy. The latest ‘Energy Statistics India 2024’ of the National Statistical Office (NSO) stated, “The impact of energy policies of recent time is evident on the consumption of kerosene as a fuel in the country”.
The data showed that the consumption of kerosene has seen a steady decreasing trend with a compounded annual growth rate (CAGR) of (-) 25.78 per cent from 2013-14 to 2022-23.
