India’s April-October petroleum consumption growth slips to 1 per cent, lowest in 5 yrs


India’s April-October petroleum consumption growth slips to 1 per cent, lowest in 5 yrs

A slowdown in the economy coupled with floods and an extended rainfall pulled India’s petroleum consumption growth down to 1 per cent during the April-October period of the current financial year (2019-20) — lowest for the seven months’ period since 2013-2014, an ETEnergyworld analysis of historical data showed.

The country’s petroleum product consumption in October declined 1.44 per cent to 17,406 Thousand Tonne (TMT) as compared to the corresponding month a year ago. All the fuels recorded a decline in consumption during the month except petrol, Liquefied Petroleum Gas (LPG) and pet coke.

Cumulative consumption during the April-October period grew at 1 per cent to 123,177 Thousand Tonne (TMT) as compared to the corresponding period a year ago. Read More

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