Record pump prices have begun denting fuel demand, with sales of diesel contracting and growth in petrol sales slowing in September.
Diesel sales, which make up 40 per cent of total fuel sales, contracted 0.7 per cent year-on-year to 6.03 million tonne (mt) in September. Consumption of petrol rose 4.2 per cent to 2.23 mt in September. In August, diesel consumption expanded 4.2 per cent and petrol, 7.8 per cent , on-year .
Total oil demand — naphtha, cooking oil, jet fuel, pet coke and transportation fuels — expanded just 1.1 per cent on-year in September. In August, it had grown 0.76 per cent .
Jet fuel consumption grew 8 per cent and cooking gas 6 per cent in September. Sales of naphtha, petcoke and kerosene fell while that of bitumen, widely used in roads, increased. Read More
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