India : Fuel demand rose 3.9 percent in July
Fri Aug 12 2016
Ramesh Sridharan (870 articles)

India : Fuel demand rose 3.9 percent in July

India’s fuel demand rose 3.9 percent in July compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 14.92 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 14.7 percent higher from a year earlier at 1.92 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 8.8 percent to 1.71 million tonnes, while naphtha sales surged 6.3 percent to 1.10 million tonnes.

Sales of bitumen, used for making roads, were 0.7 percent lower, while fuel oil use edged up 6.5 percent in July.

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Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai