Lower Y-o-Y Diesel Consumption in July

Lower Y-o-Y Diesel Consumption in July

Egypt’s consumption of diesel decreased 0.9% to 1.165 million tons in July 2017, compared to 1.176 million tons in the same period of 2016, Egypt Oil & Gas reports.

Meanwhile, diesel production increased to 627,000 tons in July 2017 from 556,000 tons in July 2016, a 12.77% year-on-year (Y-o-Y) increase, according to the information published by the Central Agency for Public Mobilization and Statistics (CAPMAS).

Despite the lower Y-o-Y figure, 1.165 million tons still represents a slight uptick in consumption compared to the average consumption rate this year.

Diesel consumption has fallen by approximately 8% throughout 2017. Consumption has equaled an average of 1.1 million tons per month, compared to 1.2 million tons per month in 2016, Amwal Al Ghad reports.

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Sarah Samir 3673 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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