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India's fuel consumption grows at slower rate of 5% in FY17

World's 3rd largest oil consumer saw demand for fuel and petroleum products rise to 194.2 mt in FY17

Press Trust of India  |  New Delhi 

India's fuel consumption grew at a slower rate of five per cent in the previous financial year ended on March 31 as diesel demand slowed. The world's third largest oil consumer saw demand for fuel and petroleum products rise to 194.2 million tonne in 2016-17, up from 184.6 mt in the previous financial year, according to the data from Petroleum Planning and Analysis Cell (PPAC) of the oil ministry. The demand growth was slower than 11.5 per cent recorded in 2015-16 when consumption had jumped to 184.67 mt from 165.5 mt in the previous year. Demand for diesel, the most ...

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First Published: Mon, April 10 2017. 18:13 IST
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