Oil refiner IOC sees growth in Indian fuel demand above 4% in 2019
Tue Jun 25 2019
Lucy Harlow (2558 articles)

Oil refiner IOC sees growth in Indian fuel demand above 4% in 2019

 

Growth in India’s fuel demand is expected to remain above 4% this year, driven by consumption of gasoline and jet fuel in the transportation sector, the head of the country’s largest state-owned refiner said on Tuesday.

Gasoline and jet fuel demand are expected to rise by 7% to 8% this year, while diesel consumption could increase by 3%, Indian Oil Corp Chairman Sanjiv Singh told Reuters.

Lucy Harlow

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe