India’s fuel demand falls 4.5% in January
- China fails to get Indian support for Belt and Road ahead of summit
- Govt acts against rape, but make sons more responsible: PM Modi at rally
- How 3% yields could reshape the investing landscape
- Cryptocurrencies climb again as April rally storms toward 75%
- Celebrating TCS’s triumph and the spunk of Flipkart
New Delhi: India’s fuel demand fell 4.5% in January compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 15.52 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Sales of gasoline, or petrol, were 0.6% lower from a year earlier at 1.81 million tonnes. Cooking gas or liquefied petroleum gas (LPG) sales increased 16.4% to 1.98 million tonnes, while naphtha sales surged 5.8% to 1.10 million tonnes.
Sales of bitumen, used for making roads, were 10.9% lower, while fuel oil use edged lower 10.7% in January.