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India's fuel demand falls the most in over 14 years

Reuters  |  NEW DELHI 

By Sudarshan VaradhanNEW DELHI (Reuters) - India's fuel consumption fell 6.1 percent in August, its fastest rate of decline since April 2003, as heavy rainfall across the country cut the use of diesel for irrigation pumps and curbed demand for auto fuels.Consumption of fuel, a proxy for oil demand in the world's third biggest oil consumer, totalled 15.75 million tonnes in August, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Tuesday. Fuel demand was down for the third straight month in August.Sale of gasoline, or petrol, was 0.8 percent lower from a ...

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First Published: Tue, September 12 2017. 22:02 IST