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Trend of Stock of Major Petroleum Products -Part III

All India Opening Stocks of major Petroleum products of LPG, MS, SKO and BSD as on 01.01.2014 is mentioned below :

Comparison of Days' cover of LPG Stocks with International Bench Mark from 2008-2013 (Jan-Sep)

Product

Year

US

W. Europe

Japan

India

LPG

2008

68

32

56

11

 

2009

79

32

54

11

 

2010

69

31

52

10

 

2011

65

35

51

10

 

2012

82

32

48

10

 

2013 (Jan-Sep)

76

24

51

14

India's LPG days' cover is consistently lowest on YOY basis for India in comparison with Japan, US and W. Europe. During 2013 (Jan-Sep) period LPG days' cover for US, Japan and W Europe in comparison with India is more by 443%, 264% and 71% respectively. 

Comparison of Days' cover of MS Stock with International Bench Mark 2008-2013 (Jan-Sep)

Product

Year

US

W. Europe

Japan

China

India

MS

2008

23

44

14

20

49
 

2009

24

42

14

24

39
 

2010

25

44

14

31

28
 

2011

25

45

13

30

28
 

2012

25

46

14

28

24
 

2013 (Jan-Sep)

25

49

14

27

21

During 2013 (Jan-Sep) period MS days' cover for W Europe, China and US in comparison with India is more by 133%, 29% and 19% respectively while for Japan it is 33% less in comparison with India.

Source:SNP Infra Research