Investor Presentaiton
Indian LPG Demand
Continued Subsidies and Lockdowns Support Growing LPG Consumption
20.0
CAGR: 11.8%
Y/Y:
1.7%
18.0
17.3
17.6
16.3
16.0
14.5
14.0
11.9
12.2
12.0
10.2
10.0
8.9
8.0
6.0
4.0
2.0
2015
2016
2017
2018
2019
2020
2021
2022
Government Policies and Infrastructure Development to continue Boosting Consumer Adoption
•
The Indian government has worked to improve LPG penetration in India from 66% in 2016 to 99% in 2022
•
India's 4Q22 imports decreased marginally by 0.2% Y/Y to 4.8 MTPA vs. 4.9 MTPA in 4Q21; 2022 imports are up 2% Y/Y
•
December imports are 38% above the low seen in February 2022
•
India's LPG consumption for the period January through November increased by 3% compared to the same period in 2021
.
Proposed green tax on gasoline and diesel vehicles could increase LPG demand as autogas
•
The nation is largely expected to become the world's largest res/com LPG user by 2030
Source: Bloomberg
Note: Values shown through December 30, 2022
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