162.4 million barrels of gasoline consumption in Saudi Arabia during 2020, the lowest level in 10 years

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The consumption of premium gasoline “91 and 95 octane” in Saudi Arabia decreased during the past year by 16.3 percent, equivalent to 31.6 million barrels, to reach about 162.4 million barrels during 2020, compared to about 194.1 million barrels in 2019.
According to the monitoring unit of the reports in the newspaper “Al-Eqtisadiah” that was based on data from the Ministry of Energy and the Saudi Central Bank “SAMA”, gasoline consumption in 2020 is the lowest in ten years, that is, since 2010 when consumption reached 151.4 million barrels.
The rate of decline recorded during the past year is the highest historically according to the available data, both in terms of percentage or quantity of decline.
The decrease recorded during 2020 is the third in a row in gasoline consumption, as it decreased by 0.2 percent, equivalent to 0.4 million barrels in 2019, and 6.5 percent, equivalent to 13.5 million barrels in 2018, when it amounted to 194.5 million barrels, compared to 208 million barrels. barrels in 2017.
This decline comes last year in conjunction with the curfew for several months during the past year, while it can be justified in recent years by reforming energy prices, in addition to the state-led energy efficiency programs.
Reducing gasoline consumption locally supports an increase in government revenues, as it will increase export rates abroad, and contribute to achieving other economic gains such as reducing carbon dioxide emissions, and supporting the country’s efforts in the phenomenon of climate change.
During the past year, the average daily consumption in Saudi Arabia reached 445,000 barrels, compared to 532,000 barrels in 2019.
The average per capita consumption of gasoline during the whole of 2020 was about 4.6 barrels, compared to 5.7 barrels in 2019.annual development

During the period from 2005 to 2020, gasoline consumption in Saudi Arabia continued to rise annually until 2015, while it declined slightly during 2016 after a partial reform of energy prices, then increased in 2017, before declining for three years in a row from 2018 to 2020.
During the mentioned period, the highest rate of increase in terms of quantity was recorded in 2015 when gasoline consumption increased by 13.3 million barrels, to reach 204 million barrels, compared to 190.7 million barrels in 2014.
While the highest rate of increase in terms of percentage was in 2007, when gasoline consumption rose by 9.9 percent, to reach 126.7 million barrels, compared to 115.3 million barrels in 2006.

Economic Reporting Unit





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