Fuel demand rose 4.3 percent y/y in December

Last Updated: Tue, Jan 10, 2017 13:52 hrs
People queue as they wait for their turn to fill fuel at a petrol pump in Lucknow

India's fuel demand rose 4.3 percent in December compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 16.53 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 7.7 percent higher from a year earlier at 1.96 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 7.9 percent to 1.94 million tonnes, while naphtha sales surged 5.5 percent to 1.08 million tonnes.

Sales of bitumen, used for making roads, were 2.1 percent lower, while fuel oil use edged up 14.0 percent in December.

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