Published on 14/09/2018 2:30:52 PM | Source: Reuters

India`s fuel demand rose 0.8 pct y/y in August

Posted in Stock Market| #India #Stock Market

NEW DELHI - India's fuel demand rose 0.8 percent in August compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 16.60 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 7.8 percent higher from a year earlier at 2.36 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 2.8 percent to 2.11 million tonnes, while naphtha sales surged 1.1 percent to 1.09 million tonnes.

Sales of bitumen, used for making roads, were 18.9 percent up, while fuel oil use edged up 8.3 percent in August.

(Reporting by NEW DELHI newsroom)