In contrast, Aviation Turbine Fuel (ATF) usage recorded a significant rise of 9.48%, totaling 720 TMT, indicative of a recovery in aviation activities.
The report also noted an increase in petrol consumption, which rose by 2.80% to reach 3,144 TMT. Similarly, Liquefied Petroleum Gas (LPG) usage saw a modest growth of 1.10%, amounting to 2,704 TMT.
Reflecting on longer-term trends, the PPAC highlighted that since September 2019, petrol consumption has surged by 32.54%, marking a compound annual growth rate (CAGR) of 5.80%. Diesel's growth stood at 8.93% over the same period, with a CAGR of 1.73%. Meanwhile, ATF and LPG have expanded by 10.19% and 24.58% respectively.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.