India's fuel demand fell 0.6% year-on-year in March

India's fuel demand fell 0.6 per cent in March compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 17.36 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 2.9 per cent higher from a year earlier at 2.11 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 1.9 per cent to 1.89 million tonnes, while naphtha sales surged 1.8 per cent to 1.15 million tonnes.

Sales of bitumen, used for making roads, were 12.2 per cent lower, while fuel oil use edged lower 23.4 per cent in March.