11/04/2022 11:38:42 AM | Source: Reuters
India's March fuel demand rises 4.2% year-on-year
India's fuel demand rose 4.2% in March compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday.
Consumption of fuel, a proxy for oil demand, totalled 19.41 million tonnes.
Sales of gasoline, or petrol, were 6.2% higher from a year earlier at 2.91 million tonnes.
Cooking gas or liquefied petroleum gas (LPG) sales increased 9.9% to 2.48 million tonnes, while naphtha sales fell 13.2% to 1.11 million tonnes.
Sales of bitumen, used for making roads, were 11.6% lower, while fuel oil use advanced 14.4% in March.
(Reporting by Bengaluru Commodities desk; Editing by Christopher Cushing)
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