Petrol consumption rose 9.3% in January, while diesel consumption increased by 3.1%. Sales of petrol and diesel in the April-January period were up by 6.1% and 4.3% respectively. Private sector market share gains were indicated as state refiners sold 8% more petrol and 1.8% less diesel. Jet fuel sales rose 6.2% in January, and cooking gas consumption expanded by 6.9%. Petrol sales account for 15% of total refined products demand, while diesel makes up 38%.
Petrol consumption rose 9.3% in January, while diesel consumption increased by 3.1%. Sales of petrol and diesel in the April-January period were up by 6.1% and 4.3% respectively. Private sector market share gains were indicated as state refiners sold 8% more petrol and 1.8% less diesel. Jet fuel sales rose 6.2% in January, and cooking gas consumption expanded by 6.9%. Petrol sales account for 15% of total refined products demand, while diesel makes up 38%.
Valero Plans $2 Billion Capex in 2021 as Refined Products Demand Increases
Industry Segment: Petroleum Refining | Word Count: 717 Words
Attachment: Valero Assets
SUGAR LAND April 26, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Refiner Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) faced outages at some of its facilities during Winter Storm Uri, but the company recovered quickly and remains optimistic about refined product demand as more people return to travelling. Valero expects capital investments to be approximately $2 billion this year, with about 60% of this going toward sustaining the business and 40% toward growth.
Login or Register for Instant Access
This Premium Article can be purchased individually or as part of a subscription