India's fuel demand hit its highest level in at least 24 years in February, data showed on Thursday, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil
Consumption of fuel, a proxy for oil demand, was 2.4% higher than the previous month, and rose 10.2% year-on-year to 18.84 million tonnes in November, according to the data
India's demand for the fuel has slumped 5 per cent in the April-September period of FY23 to 31.5 billion cubic metres from a year ago, after rising 5 per cent 2021-22
Consumption of fuel, a proxy for oil demand, totalled 18.67 million tonnes, data from the Indian oil ministry's Petroleum Planning and Analysis Cell showed.
India's fuel demand rose 4.2% to a three-year peak in March, compared with the year-ago period, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Monday.
India's fuel demand is likely to grow 5.5 per cent in the fiscal year beginning April 1 as economic activity picks up after devastation caused by the pandemic
With a hike of 35 paise a litre, the price of petrol in Delhi rose to its highest-ever level of Rs 109.34 a litre. The price of diesel also saw a hike by 35 paise and took the fuel's rate to Rs 98.07
Fuel consumption, a proxy for oil demand, totalled 15.92 million tonnes last month, up slightly from August and 5.2% higher than in September 2020, data on PPAC website showed
Sale of gasoil, which accounts for about two-fifths of India's refined fuel demand, by state retailers rose 0.79 per cent in September, preliminary government data showed
India's fuel demand recovery remained patchy in August as petrol consumption continued to rise but diesel sales fell, preliminary data from state fuel retailers showed on Wednesday
Gasoline sales rose 3.7% in Aug. 1 to 15 from the same period in 2019, prior to the pandemic, according to preliminary data from India's three biggest fuel retailers
Local fuel consumption- a proxy for oil demand - in May slumped to its lowest since last August as lockdowns and restriction in several states stalled mobility and muted economic activity
Domestic fuel sales by Indian state refiners recovered in the first half of June due to the easing of coronavirus lockdowns across the country, preliminary data shows