Powered by: Motilal Oswal
02-09-2021 05:36 PM | Source: Reuters
India`s fuel demand fell 2.2% in January
News By Tags | #813 #139 #412

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

NEW DELHI - India's fuel demand fell 2.2 percent in January compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 18.01 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 6.3 percent higher from a year earlier at 2.61 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 1.7 percent to 2.49 million tonnes, while naphtha sales fell 0.5 percent to 1.27 million tonnes.

Sales of bitumen, used for making roads, were 13.6 percent up, while fuel oil use edged up 9.6 percent in January.

(Reporting by NEW DELHI newsroom) (+91-11-49548033/30158033)