India’s fuel consumption, a proxy for oil demand, was down round 0.3% yr on yr in April, however fell over 10% from March this yr, knowledge from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry confirmed on Monday. Consumption was right down to about 18.41 million tonnes from 18.45 million a yr in the past. Fuel gross sales fell 10.2% from March, once they jumped to a file excessive on sturdy financial exercise on this planet’s third greatest oil client. Sales of gasoline, or petrol, rose 2.9% to 2.9 million tonnes. Cooking gasoline, or liquefied petroleum gasoline (LPG), gross sales decreased 0.1% to round 2.2 million tonnes. Sales of jet fuel, jumped 18.2% year-on-year to 0.65 million tonnes, whereas these of diesel elevated round 8.6% in April to 7.82 million tonnes.
