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HomeBusinessFinanceOctober fuel demand rises 3.4% year-on-year to 18.37 million tonnes

October fuel demand rises 3.4% year-on-year to 18.37 million tonnes

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(Reuters) – India’s consumption, a proxy for oil demand, rose 3.4% year-on-year in October to 18.37 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday.


Sales of gasoline, or petrol, were 8.8% at 2.99 million tonnes. Cooking gas or liquefied petroleum gas (LPG) sales decreased 3.3% to 2.40 million tonnes, while naphtha sales fell 24% to 0.96 million tonnes.


Sales of bitumen, used for making roads, were 11.5% lower, while oil use edged up 0.9% in October.


 


(Reporting by Brijesh Patel in Bengaluru; Editing by Jan Harvey)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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