Two-Wheelers Consumes Over 62% Petrol in India

Directly or indirectly, energy is something which is critically required in the entire circle of revolution, survival and growth of all living beings. Moreover, it’s crucial for the socio- economic development as well as human welfare of a country.

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India gathers around 759.59 million tonnes crude oil in its energy basket and is the fourth largest consumer of crude oil in the world after United States, China and Russia.

The two-wheeler sector in India contributes to 6% of GDP and consumes over 62% petrol according to the latest survey done by Sanjay Dutta of TNN. 2% of petrol is sold by people for earning purposes in remote villages and coastal areas. Around 27% of the fuel is sold for four wheelers, 6% for three-wheelers and 2% for other purposes as per the survey done by Nielsen for the oil ministry.

This survey has given a clear road map for the management of the domestic oil market. Increment of the oil import bill by 9.5% to 347, 432 crore leads to an estimate of 180, 000 crore increment in subsidy. To have a look on the demand growth, oil minister, M. Veerappa Moily is planning for a meeting soon concerning fuel consumption campaign.

According to a survey, utility vehicles consume 4% of the fuel. The total consumption of petrol is estimated to be 16 million tonnes. Population of coastal regions and remote villages sell petrol at a premium to fishing boats & bikes after buying it from retail outlets. Small generators are also run by them in tea gardens of West Bengal and Assam.

On the other hand, if we talk about diesel then its consumption is more predictable than petrol. Around 28.48% of diesel is consumed by SUVs, three-wheelers, utility vehicles and high-end cars as per the study conducted by Nielsen Pvt Ltd. 19% diesel is sold for agricultural purposes and 2 % for powering mobile towers, running back-up generators and construction equipment. Government subsidies in diesel are the reason for increasing sale of diesel cars. It accounts for around 9% along with sports utility vehicles. Though for commercial purpose, eastern region uses minimum diesel cars and SUV’s whereas south used maximum.

Written By: PolicyBazaar - Updated: 21 July 2021
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

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