Growth in demand for fuel in India is on course to fall to its lowest in at least six years as the economy slows and after heavy rains impacted gasoil consumption, which accounts for about two-fifth of the nation’s overall fuel use.
In the fiscal year to March 2019, fuel demand rose by 3.4%, the lowest in five years.
During April-September, consumption of refined fuels – a proxy for oil demand – rose 1.4% from a year ago, according to government data.
