Page 30 - Policy Economic Report - July 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Table 5: Singapore FOB, refined product prices ($/bbl) in June 2025

Singapore product prices Price ($/b) MoM (%) YoY (%)
change change
Naphtha 64.10 4.2% -11.7%
Premium gasoline (unleaded 95) 81.97 7.0% -11.8%
Regular gasoline (unleaded 92) 80.07 6.8% -8.9%
Jet/Kerosene 84.75 8.5% -13.0%
Gasoil/Diesel (50 ppm) 86.72 9.6% -11.3%
Fuel oil (180 cst 2.0% S) 85.12 10.0% -12.0%
Fuel oil (380 cst 3.5% S) 69.28 6.1% -10.7%
Source- OPEC

Petroleum products consumption in India

Monthly Review:

• Overall consumption of all petroleum products in June 2025 with a volume of 20.31 MMT
registered growth of 1.88% on volume of 19.94 MMT in June 2024.

• MS (Petrol) consumption during the month of June 2025 with a volume of 3.52 MMT recorded a
growth of 6.85% on volume of 3.30 MMT in June 2024.

• HSD (Diesel) consumption during the month of June 2025 with a volume of 8.11 MMT recorded
growth of 1.56% on volume of 7.98 MMT in the month of June 2024.

• LPG consumption during the month of June 2025 with a volume of 2.53 MMT registered a growth
of 8.99% over the volume of 2.32 MMT in the month of June 2024.

• ATF consumption during June 2025 with a volume of 0.730 MMT registered a growth of 3.30%
over the volume of 0.707 MMT in June 2024.

• Bitumen consumption during June 2025 with a volume of 0.683 MMT registered de-growth of
8.10% over volume of 0.744 MMT in the month of June 2024.

• Kerosene consumption registered growth of 12.53% during the month of June 2025 as compared
to June 2024.

July 2025 Page | 29