Not Cars, Two-Wheelers Use Over 62 Percent Petrol In India

By SiliconIndia   |   Tuesday, September 24, 2013   |    1 Comments
Print Print Email Email

Bangalore: The government of India considered petrol as the rich man’s fuel to stop subsidy. However, the latest survey revealed that about 62 percent of the fuel in the market is consumed by ‘aam aadmi's sawari’ that is the two-wheelers and nearly 2 percent is being sold by people to earn living in remote villages and coastal areas, reports Sanjay Dutta of TNN.

According to Nielsen’s survey for the oil ministry’s think-tank, nearly 27 percent of the fuel is sold for cars, 6 percent for three-wheelers and another 2 percent is used for other purposes like running generators and so on.

The survey was conducted to prepare a clear road map to manage the domestic oil market. The oil import bill is increased by 9.5 percent to Rs.347, 432 crore and subsidy estimates ballooning to Rs.180, 000 crore.  Oil minister M. Veerappa Moily is going to conduct a meeting soon regarding fuel conservation campaign, as a way to check demand growth.

The consumption of petrol is pegged at around 16 million tonnes. The survey showed that, about 4 percent of the fuel is sold for utility vehicles. People from the coastal regions and remote villages buy petrol from retail outlets and sell it at a premium to fishing boats and bikes. In fact, they also used to run small generators in tea gardens of West Bengal and Assam.

On the other hand, diesel has a more predictable consumption pattern. The study revealed that transport burning around 66 percent of the fuel, 19 percent is sold for agricultural purposes and just 2 percent is for powering mobile towers and running back-up generators and construction equipment.

Due to the government subsidies in diesel, there is a rise in sale of diesel cars and together with sports utility vehicle it accounts for about 19 percent. However for commercial purpose, diesel cars and SUV’s are used maximum in the south and minimum in the eastern region.

Also Read:
These are the ways NRIs Can Invest in India
7 Smart Financial Moves Before You Enter the Age of 30


Looking For Loan? Let us Help you !!!
Loan Amount
Annual Income
Preferred banks
Type the characters you see in the picture
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..