India’s fuel demand fell 0.6% year-on-year in March
New Delhi: India’s fuel demand fell 0.6% in March compared with the same month last year.
Consumption of fuel, a proxy for oil demand, totalled 17.36 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Sales of gasoline, or petrol, were 2.95 higher from a year earlier at 2.11 million tonnes.
Cooking gas or liquefied petroleum gas (LPG) sales increased 1.9% to 1.89 million tonnes, while naphtha sales surged 1.8% to 1.15 million tonnes.
Sales of bitumen, used for making roads, were 12.25 lower, while fuel oil use edged lower 23.45 in March.