Demand for fuel and power grows but at a slower pace in September
India’s fuel and electricity consumption grew at a slower pace in September compared with August, government data showed on Friday, despite a recovery in factory activity.
Sale of gasoil, which accounts for about two-fifths of India’s refined fuel demand, by state retailers rose 0.79 per cent in September, preliminary government data showed. Gasoil sales rose 16 per cent in August compared with last year.
Electricity consumption rose 0.8 per cent in September, compared with 17.1 per cent growth in August, data from federal grid regulator POSOCO showed.
India’s factory activity improved last month as a recovery in the economy from the pandemic-induced slump boosted demand and output, a private survey showed on Friday.
