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During FY14–23, kerosene use drops significantly by 26% CAGR, according to government statistics

<p>The country’s kerosene consumption fell dramatically between 2013–14 and 2022–2023—a 26 percent compound annual growth rate—primarily as a result of government initiatives to support sustainable energy.</p>
<p><img decoding=”async” class=”alignnone wp-image-519736″ src=”–750×422.jpg” alt=” during fy1423 kerosene use drops significantly by 26 cagr according to government” width=”995″ height=”561″ title=”During FY14–23, kerosene use drops significantly by 26% CAGR, according to government statistics 12″ srcset=”–750×422.jpg 750w,–1024×576.jpg 1024w,–768×432.jpg 768w,–390×220.jpg 390w, 1200w” sizes=”(max-width: 995px) 100vw, 995px” /></p>
<p>According to the National Statistical Office’s (NSO) most current “Energy Statistics India 2024,” “the impact of recent energy policies is evident on the country’s kerosene fuel consumption.”</p>
<p>The statistics indicated that between 2013–14 and 2022–2023 there was a consistent downward trend in the consumption of kerosene, with a compound annual growth rate (CAGR) of (-) 25.78 percent.</p>
<p>According to the data, of all the petroleum products, HSDO (diesel) grew positively by 12.05 percent over the previous year and has the largest proportion of consumption (38.52 percent) during 2022–2023.</p>
<p>Over the last year, there has been an increase of 13.38 percent in petrol and 28.68 percent in pet coke, respectively.</p>
<p>In addition, HSD (diesel) saw an increase of 12.05 percent to 85.90 MTs in 2022–2023(P) from 76.66 MTs in 2021–2022.</p>
<p>According to the data, there has been a variation in natural gas use throughout the years.</p>
<p>The data indicates a negative rise of -7.7% in the consumption for energy purposes during 2022–2023 (from 39,414 BCM in 2021–2022 to 36,383 BCM in 2022–2023).</p>
<p>The research said that the non-energy purpose grew by a pitiful 1.1% (from 22,077 BCM in 2021–22 to 22,319 BCM in 2022-23).</p>
<p>According to the report, the industry that uses natural gas the most—fertilizers—uses 32.35 percent of it. This is followed by municipal or local natural gas distribution networks, which include road transportation (20.06 percent).</p>
<p>The industry’s off-take of natural gas reveals that, of the entire consumption (Availability Basis (Net Production + LNG Imports)), 38% is utilized for non-energy uses and 62% is used for energy, it said.</p>
<p>Estimated electricity consumption grew at a compound annual growth rate (CAGR) of 5.16 percent, from 8,24,301 GWh in 2012–13 to 12,96,300 GWh in 2021–22.</p>
<p>The industrial sector accounted for 41.16 percent of the total power used in 2021–2022, with the residential (25.77 percent), agricultural (17.67 percent), and commercial (8.29 percent) sectors following in order of consumption.</p>
<p>The largest CAGR of 6.87 for the domestic sector occurred between FY2012–13 and FY2021-22.</p>

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