India's fuel demand in December rose 2.1% y/y
The Hindu
India's fuel demand in December 2023 increased by 2.1%, with notable rises in petrol, diesel, and LPG sales.
India's fuel demand rose 2.1% in December compared with the same month in 2023, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Tuesday, January 7, 2025.
Consumption of fuel, a proxy for oil demand, totalled 20.67 million metric tons, the data showed.
Sales of gasoline, or petrol, were up 10.8% from a year earlier at 3.3 million tons. Diesel consumption was up 6% on a yearly basis at 8.1 million tons in December. Cooking gas, or liquefied petroleum gas (LPG), sales increased 5.8% to 2.78 million tons, while naphtha sales fell 22.7% to 1.07 million tons.
Sales of bitumen, used for making roads, were 6.6% higher, while fuel oil use rose 1.1% in December.
DOMESTIC SALES (in million tons):
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