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India's fuel demand rises 7.4% in July, consumption stands at 17 mn tonnes

Sales of gasoline, or petrol, were 7.8% higher from a year earlier at 2.31 million tonnes

Reuters 

Crude oil prices have firmed up since Opec's November 2016 agreement to cut production by 1.2 million barrels per day
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India's fuel demand rose 7.4 percent in July compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 17.06 million tonnes, data from the Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 7.8 percent higher from a year earlier at 2.31 million tonnes.

Cooking gas or liquefied gas (LPG) sales increased 6.0 percent to 2.04 million tonnes, while naphtha sales surged 60.8 percent to 1.14 million tonnes.

Sales of bitumen, used for making roads, were 52.7 percent up, while fuel oil use edged lower 2.5 percent in July.

 

First Published: Fri, August 10 2018. 23:49 IST
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