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India's fuel demand rose 10.9 pct y/y in August

India's fuel demand rose 10.9 pct y/y in August

FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo

India's fuel demand rose 10.9 percent in August compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 16.00 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 13.0 percent higher from a year earlier at 2.69 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 2.4 percent to 2.33 million tonnes, while naphtha sales fell 5.1 percent to 1.02 million tonnes.

Sales of bitumen, used for making roads, were 3.1 percent up, while fuel oil use edged up 8.0 percent in August.

(Bengaluru Commodities Desk)

Source: Reuters

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