India’s fuel demand fell 15.6% y/y in August

India’s fuel demand fell 15.6% in August compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 14.39 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 7.5% lower from a year earlier at 2.38 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales decreased 5.1% to 2.28 million tonnes, while naphtha sales fell 6.6% to 1.07 million tonnes.

Sales of bitumen, used for making roads, were 21.5% up, while fuel oil use edged up 0.4% in August.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

[Source: live Mint]


Please enter your comment!
Please enter your name here