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InfoQuest

Oil consumption falls by 12.5 percent in 2020

February 04, 2021


Abstract : The year 2020 saw the average daily oil consumption dropping by 12.5 percent compared with 2019 due to the lockdown policy in the second quarter and the entry restrictions in 2020 caused by the COVID-19.

InfoQuest (February 3, 2021) - According to Ms. Nantika Thangsuphanich, Director General of the Department of Energy Business, Ministry of Energy, the year 2020 saw the average daily oil consumption dropping by 12.5 percent compared with 2019 due to the lockdown policy in the second quarter and the entry restrictions in 2020 caused by the COVID-19.

Gasoline, with an average daily consumption of 31.7 million litres, down 1.5 percent from 2019, saw the largest drop in the second quarter and returned to normal after lockdown eased in June. During the pandemic, the public chose private cars over public transport.

The resurgence of the pandemic in December 2020 brought the average daily consumption of gasoline to 33.8 million litres, a 0.4 percent increase compared with November. In 2019 and 2018, the average daily consumption of gasoline in December rose by 2.5 percent and 4.8 percent respectively compared with November.

Among them, the average daily consumptions of gasoline and gasohol were 800,000 litres and 30.9 million litres, down 16.6 percent and 1.0 percent, respectively. In gasohol, E85 saw the largest drop (down 30.2 percent), followed by No.91 (down 14.0 percent). The average daily consumptions of E20 and No.95 were 6.5 and 15.3 million litres, up 0.3 percent and 10.0 percent, respectively.

The daily average consumption of diesel oil was 65.4 million litres, down 2.9 percent from 2019 due to the COVID-19 in early 2020 and the resurgence at the end of the yar. The average daily consumption of high-speed diesel engine oil B7 was 43.8 million litres, down 26.8 percent; of oil for ordinary speed diesel engines was 16.2 million litres; and of B20 oil for high-speed diesel engines was 3.5 million litres, which mirrors the government's strong promotion support.

The average daily consumption of commercial aviation oil (Jet A1) was 7.3 million litres, down 62.3 percent from 2019 due to the outbreak of the COVID-19 in early 2020 and the travel restrictions in the second quarter. In the second half of the year, the average daily consumption of Jet A1 oil rose to 3.6-5.6 million litres. However, in December, Jet A1 oil saw a rise of merely 0.2 percent from November due to the stagnation of tourism development. In 2019 and 2018, the daily average consumption of Jet A1 oil in December increased by 3.1 percent and 4.3 percent respectively compared with November.

The average daily consumption of LPG was1,540 kg, down 13.7 percent from the same period in 2019. The top three sectors with the largest drops were the transportation sector (down 27.1 percent), the petrochemical sector (down 17.4 percent) and the industrial sector (down 7.4 percent). The household sector saw the lowest drop of 4.5 percent.

The average daily consumption of NGV is 390 kg, down 28.3 percent from the same period in 2019, while the number of NGV vehicles also shows a downward trend.

In 2020, the average daily import volume of crude oil and refined oil was 882,398 barrels, down 8.0 percent from 2019. Among them, the monthly import amounts of crude oil and refined oil were 37.221 and 1.71 billion baht, respectively.

Refined oil saw its export volume up 12.4 percent, but its export value down 24.9 percent due to the sharp drop in oil prices.

Source: InfoQuest, by Rachada Kongkhunthian/Sasithorn, translated by Xinhua Silk Road

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Keyword: InfoQuest

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