The Energy Services Regulatory Authority (ERSE) revealed that fuel consumption increased by 3.6% in November compared to the same period last year, but decreased by 8.7% compared to October.
In the now-released bulletin, the regulator states that “in November, the consumption of petroleum-derived fuels, considering the basket of gasoline, diesel, jet fuel, and LPG, decreased compared to October,” with “global consumption falling by 62.63 kton [kilotons] compared to the previous month, representing a decrease of 8.7%.”
According to ERSE, the decrease in petroleum-derived fuel consumption in November “occurred in jet fuel (-21.5%), diesel (-6.4%), and gasoline (-5.6%),” while “in contrast, there was an increase in LPG consumption (+14.1%) during the same period.”
Simultaneously, “in year-on-year terms, the consumption recorded in November 2023 was 3.6% higher (+22.77 kton) than in November 2022.”
This evolution was contributed by “an increase in gasoline consumption (+9.5%), jet fuel (+9.0%), diesel (+1.1%), and LPG (+0.2%),” with the “consumption observed in November 2023 being higher than the pre-pandemic year-on-year consumption of 2019 (+6.97 kton), with an increase in gasoline consumption (+14.3%) and jet fuel consumption (+12.2%).” Conversely, “LPG consumption (-13.4%) and diesel consumption (-3.1%)” decreased.
ERSE also revealed that in November, the average retail prices (PVP) of gasoline and diesel in the domestic market “followed the behavior of international markets and recorded decreases of 3.3% and 4.0%, respectively, compared to the previous month.”
The regulator highlighted that “hypermarkets maintain the most competitive offers in road fuels, followed by ‘low-cost’ segment operators.”
