India’s energy demand grows at 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% in September, preliminary government data showed. Gasoil sales rose 16% in August compared with last year.
Electricity consumption rose 0.8% in September, compared with 17.1% 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.
