Record Fuel Prices Hit Indian Petrol, Diesel Demand In September


Record Fuel Prices Hit Indian Petrol, Diesel Demand In September

India’s monthly diesel consumption fell for the first time in 10 months year-on-year in September, while petrol sales grew by the least in four months as record high pump prices dented demand, government data showed on Friday.

Lower local sales of petrol and diesel curbed growth in India’s overall fuel demand to 1.1 percent in September, despite higher sales of liquefied petroleum gas and jet fuel.

India’s fuel consumption, a proxy for oil demand, totalled 16.54 million tonnes in September, a decline of about 1.3 percent from August, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Read more

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