India's Fuel Demand Marks Largest Gain In Six Months

Reuters

India’s fuel demand rose 3.3 per cent in July, marking its biggest year-on-year percentage gain since January, compared with the previous year.

Consumption of fuel, a proxy for oil demand, totaled 17.58 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Saturday.

Sales of gasoline, or petrol, were 8.8 per cent higher from a year earlier at 2.52 million tonnes.

Meanwhile, diesel sales climbed 3.3 per cent, its highest year-on-year rise since January, to 6.83 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 9 per cent to 2.22 million tonnes, while naphtha sales fell 5.2 per cent to 1.22 million tonnes.

Sales of bitumen, used for making roads, surged 36.4 per cent, while fuel oil use rose 8.3 per cent in July.