BAKU, Azerbaijan, Oct.16
By Leman Zeynalova – Trend:
In August 2020, EU deliveries of gasoline and diesel increased by 103 percent and 20 percent respectively from April levels, but were still 5 percent and 11 percent below the average August deliveries over the last 3 years, Trend reports citing Eurostat.
Deliveries of fuel oil, which is used in maritime transport, increased by 9 percent from April to August but was still 21 percent below the average for August.
EU countries gradually and partially lifted Covid-19 containment measures between May and August. As restrictions on air traffic and the movement of people relaxed, the use of common transport fuels started resuming from the low levels registered in March 2020 and the record lows of April 2020.
Short-term monthly data showed that demand has been resuming towards pre-crisis levels for some of these fuels across the EU, but most values remained below average.
Liquified petroleum gas (LPG) deliveries increased by 6 percent in the same period but remained 6 percent below the average for August.
The national and international air-traffic limitations and the restrictions on the international movement of people are still having a major impact on kerosene demand, which includes kerosene-type jet fuel for air transport. In the EU, demand increased by 123 percent from its lowest level this year but was still 55% below the average for August, a period marked by holiday travel. This reduction corresponds to almost 2.5 million tonnes not used in August 2020, compared to the same month in the previous years.
Follow the author on Twitter: @Lyaman_Zeyn