06-08-2023 11:27 AM | Source: Reuters
India's May fuel demand rises 8% month-on-month
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India's fuel consumption, a proxy for oil demand, climbed by 8% month on month in May to about 20.03 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Sales of gasoline rose 16.4% to 3.35 million tonnes and sales of diesel increased around 5% to 8.22 million tonnes in May from the previous month, the data dated on Wednesday showed.
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