Gasoline consumption falls by 34.5%

in News · 20-06-2020 18:00:00 · 1 Comments

Gasoline consumption fell 34.5 percent and diesel consumption 21.7 percent in May compared to the same period last year, a decrease lower than the previous month, according to the Portuguese Business Association Petroleum (Apetro).

“We can conclude that in May 2020, compared to the same month of the previous year, gasoline and diesel decreased by approximately 32.5 thousand tons (-34.5 percent for gasoline) and 93.9 thousand less tons (-21.7 percent) for diesel,” reads a statement.

"Aviation jet consumption showed a more significant reduction, less 132.8 thousand tons (-91.9 percent)", with LPG (liquefied petroleum gas) and others reduced by 8.7 thousand tons (-13.9 percent)”, said the association.

According to the same data, which Apetro based on information published by ENSE (National Entity for the Energy Sector), in the first five months of 2020 “gasoline fell by 103.5 thousand tons (-24.0 percent), diesel decreased 352.9 thousand tons (-17.2 percent), and Jet 270.7 thousand tons (-46.8 percent). LPG and others registered a decrease of 12.1 thousand tons (-3.9 percent) ”in year-on-year terms.

Although consumption continues to decline, this trend faded in May.

Apetro noted that, given the consumption data for April, in May - in year-on-year terms - "there are already some recoveries".

Thus, “gasoline consumption fell from 61.3 percent to 34.5 percent and diesel consumption from 44.6 percent to 21.7 percent. The jet maintained approximately the same reduction in consumption (this went from 93.4 percent to 91.9 percent) and LPG and others increased their drop in consumption, from 1.5 percent to 13.9 percent, mainly due to the effects of seasonality”, guaranteed Apetro.

Fuel consumption fell sharply due to the covid-19 pandemic, hampered by the reduced movement of people and by the aviation shutdown.

With the publication of these data, Apetro intends to continue “to identify a trend of the effects of this pandemic on national energy consumption, in terms of consumption of petroleum products”.


Comments:

Awesome, let's keep it that way!!

By Fred Doe from Algarve on 20-06-2020 07:02
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