India's fuel demand increased 2.9% in July, with gasoline and diesel sales showing strong growth
India's overall fuel demand saw a 2.9% increase in July compared to last year. Gasoline consumption climbed 9.2%, while diesel usage rose by 10.0% during the same period. Naphtha and cooking gas sales experienced a notable decrease in July. Bitume...
Consumption of fuel, a proxy for oil demand, totalled 19.92 million metric tons, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Sales of gasoline, or petrol, were 9.2% higher from a year earlier at 3.82 million metric tons.
Read more: India may charge gas users to fund planned $42 billion fuel reserves, sources say
Diesel consumption was up 10.0% and totaled 8.09 million metric tons in July.
Cooking gas or liquefied petroleum gas (LPG) sales decreased 16.4% to 2.35 million metric tons, while naphtha sales fell 13.8% to 0.83 million metric tons.
Read more: India's fuel exports hit 1-year high in July on strong diesel margins
Sales of bitumen, used for making roads, were 8.5% up, while fuel oil use edged up 29.7% in July.
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