India’s fuel consumption rose to a seven-month high in December to about 20.054 million metric tons (mmt), knowledge from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry confirmed. Total consumption, a proxy for oil demand, in December rose by 6.2% from 18.89 million tons (mt) in November, knowledge confirmed. It was up round 2.6% in contrast with the identical interval a yr earlier.
Sales of diesel, primarily utilized by vehicles and commercially-run passenger automobiles, rose by 0.9% month-on-month to 7.6 (mt). Sales of petrol in December slipped 4.5% from the earlier month to 2.99 (mt).
Sales of bitumen, used for making roads, rose by 12.9% from November, whereas fuel oil use elevated by 9.6% in December. Cooking gasoline, or liquefied petroleum gasoline gross sales rose by 5.6% to 2.63 (mt), whereas naphtha gross sales jumped by 27.9% to about 1.33 (mt), the information confirmed.
