Oil consumption in India continued to gather strength in February as increased demand for transportation and cooking fuel ahead of federal elections outweighed an economic slowdown.
India’s total usage of oil products increased 3.8 per cent to 17.4 million tonnes in February from a year ago, according to the oil ministry’s Petroleum Planning & Analysis Cell. Oil demand in January grew at the fastest pace in six months after declining for three months in the second half of last year. Hectic campaigning during the worlds biggest election, set to kick off next month, will boost the use of transportation fuel as political parties traverse the country courting voters.
