09-09-2021 11:43 AM | Source: Reuters
India's fuel demand rose 10.9 pct y/y in August
News By Tags | #813 #139 #3396 #412 #1749

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

India's fuel demand rose 10.9 percent in August compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 16.00 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 13.0 percent higher from a year earlier at 2.69 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 2.4 percent to 2.33 million tonnes, while naphtha sales fell 5.1 percent to 1.02 million tonnes.

Sales of bitumen, used for making roads, were 3.1 percent up, while fuel oil use edged up 8.0 percent in August.

 

(Bengaluru Commodities Desk)