Analysis – April 2010
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Domestic sales of refined petroleum products in April 2010 totalled 8.3 million cubic metres, up 1.0 million cubic metres (+14.0%) from April 2009.
The two main transportation fuels, motor gasoline and diesel accounted for most of the growth in refined petroleum product sales this month compared to the same month a year earlier.
Sales of motor gasoline totalled 3.7 million cubic metres, up 258.7 thousand cubic metres (+7.5%) from April 2009. The Ontario market driven by that province's high population accounted for about 39% of total motor gasoline sales in Canada.
On the other hand diesel fuel oil sales in April totalled 2.2 million cubic metres, 443.6 thousand cubic metres (+25.3%) above the same month a year.
About 47% of diesel sales were in western Canada compared to 31% in Ontario. Alberta alone accounted for 24% of total sales. Diesel is a major fuel in that region's agriculture and petroleum industry.
Refinery production in April totalled 9.0 million cubic metres, up 799.2 thousand cubic metres (+9.7%) from the same month a year earlier. The increase was due to a rise in the production of motor gasoline (+6.3%), diesel fuel oil (+21.6%) and on smaller volumes heavy fuel oil (+36.8%).
Crude oils received by refiners in April totalled 8.0 million cubic metres, 233.5 thousand cubic metres (+3.0%) above April 2009. Receipts of domestic crude oils totalled 4.3 million cubic metres, up 663.0 thousand cubic metres (+18.5%). Crude oil imports slipped by 429.5 thousand cubic metres (-10.4%).
Crude oil and refined petroleum product inventories held by refiners and major distributors closed April at 11.6 million cubic metres down 20.4% from April 2009. Off this volume product inventories accounted for 8.3 million cubic metres. Motor gasoline inventories increased by 124.3 thousand cubic metres (+5.1%).
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