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.

Sarah Samir 2705 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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