Japan April total oil sales fall 11.9pct y/y after quake

01-Jun-2011 Intellasia | Reuters | 7:01 AM Print This Post

Japan’s total oil product sales in April dropped 11.9 percent from a year earlier, as demand slumped and refinery operations were disrupted after the March 11 quake and tsunami.

Data from the previous month showed a 5.3 percent decline.

Total oil sales fell to 14.14 million kilolitres (2.96 million barrels per day) last month, while imports of crude oil for the world’s third biggest oil-consuming country fell 7 percent from a year earlier to 17.01 million kl (3.57 million bpd).

Exports of total oil products almost halved from a year earlier to 1.18 million kilolitres, after several oil companies shifted supplies to devastated areas in northeastern Japan.

Gasoline sales, which make up over a fifth of Japan’s fuel use, dropped 11.8 percent from a year earlier to 4.20 million kl. Imports of gasoline, however, jumped to 277,100 million kl from 93,400 kl a year ago.

Similarly, kerosene sales fell 25.3 percent to 1.36 million kl in April while imports of the fuel for heating rose to 84,000 kl from 18,900 kl in April 2010.



Category: Japan

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