You are here: Home » Economy & Policy » News
Business Standard

India's February fuel demand falls to five-month low over surge in prices

On a monthly basis, demand slipped by 4.6%

India fuel demand | Fuel prices | Petrol-diesel prices


By Bharat Gautam (Reuters) - India's fuel consumption fell for the second month in a row in February to its lowest since September last year as record-high retail prices continued to stonewall a demand recovery for the world's third-biggest oil importer and consumer. Consumption of fuel, a proxy for oil demand, fell 4.9% to 17.2 million tonnes year-on-year in February, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Thursday. On a monthly basis, demand slipped by 4.6%. "Prices have to come down or ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, March 11 2021. 22:55 IST