Oil Ministry: Consumption of 95-octane fuel increases by 74 % during 3 months

CAIRO, Nov 24 (MENA) - The local consumption of petroleum products and natural gas hit 19.6 million tons during the period from July to September 2019, recording a decrease of 5.2 percent compared to the same period of the previous year, the Ministry of Petroleum and Mineral Wealth reported.

This came in a report sent to Minister of Petroleum and Mineral Wealth Tareq el Molla on the outcome of the business activities of refining, infrastructure of the oil sector and natural gas projects over the mentioned period.

The report noted that consumption of petroleum products recorded 7.5 million tons, recording a decrease of 5.7 percent compared with the same period of the previous year.

Consumption of 80-octane fuel recorded a decrease of 9.5 percent during the three months, the report said, pointing out that consumption of 92-octane fuel registered a four percent increase and that of the 95-octane fuel rose by 74 percent due to consumers' turning to its use instead of the 92-octane as they are both very close in their prices.

Meanwhile, the report said consumption of natural gas reached more than 12 million tons during the three months, representing 62.3 percent of the local consumption with a decrease of 4.9 percent compared with the same period of the previous year.