According to Petroleum Planning & Analysis Cell (PPAC) projections demand for petroleum products is expected to grow at 4.25% during the current year. It is estimated that demand for petroleum products will be in the region of 162.03 MMT during 2013-14 as against the actual consumption of 155.42 MMT in 2012-13. According to PPAC estimates, the demand for petcoke is expected to record the highest positive growth rate of 14.2% followed by HSD (6.3%), MS(4.5%), ATF(4.2%), LPG(3.9%), Bitumen(0.8%) and Naphtha(0.6%). Interestingly, PPAC expects demand for SKO to fall during the current year vis-à-vis previous year. Fall in the expected demand is mainly attributed to increased release of LPG connections in the coming years and rationalization of allocation of PDS quota of SKO to states.
Crude oil imports during the current year is expected to go up marginally from 185.0 MMT in 2012-13 to 186.06 MMT. Out of the total projected imports of 186.06 MMT, public sector and joint venture refineries are expected to import 105.96 MMT and the remaining 80.10 MMT will be imported by the private refineries. Domestic production of crude oil is expected to increase from 37.9 MMT in 2012-13 to 39.1 MMT in the current year.
PPAC expects net exports of petroleum products during 2013-14 at 54.24 MMT with the projected imports and exports pegged at 13.93 MMT and 68.17 MMT respectively. Export of HSD is projected to be highest at 16606 TMT followed by petrol and fuel oil at 12275 TMT and 9560 TMT respectively.
