in

India’s August fuel demand rises 16.3% y-o-y to 17.81 million tonnes




India’s fuel demand rose 16.3% in August compared with the same month last year.


Consumption of fuel, a proxy for oil demand, totalled 17.81 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed on Wednesday.


Sales of gasoline, or petrol, were 11.6% higher from a year earlier at 3 million tonnes.


Cooking gas or liquefied petroleum gas (LPG) sales increased 3% to 2.39 million tonnes, while naphtha sales jumped 23.5% to 1.16 million tonnes.


Sales of bitumen, used for making roads, were up about 51%, while fuel oil use edged up 16.5% in August.


 


(Reporting by Brijesh Patel and Arpan Varghese in Bengaluru; Editing by Alex Richardson)

(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.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



supply hyperlink

What do you think?

Written by admin

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

FM Sitharaman stresses on timely completion of IMF 16th quota review

Finance Ministry to kick-start budgetary exercise from October 10