India’s fuel demand rose 0.4 percent in June compared with the same month last year.
Consumption of fuel, a proxy for oil demand, totalled 16.54 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Sales of gasoline, or petrol, were 11.9 percent higher from a year earlier at 2.07 million tonnes.
Cooking gas or liquefied petroleum gas (LPG) sales increased 15.9 percent to 1.87 million tonnes, while naphtha sales fell 4.3 percent to 1.09 million tonnes.
Sales of bitumen, used for making roads, were 5.3 percent lower, while fuel oil use edged lower 12.9 percent in June.
Source Link – The Economics Times
Latest posts by The Economic Times (see all)
- GIP in talks to buy RattanIndia solar power assets for $300 mn - April 26, 2019
- India’s crude oil production drops 4 per cent in FY19 - April 25, 2019
- Fitch sees policy uncertainty in oil & gas sector if UPA wins elections - April 25, 2019