India’s fuel consumption showed flattish growth in December 2021 ahead of fresh restrictions kicking in to control the surge of a new variant of coronavirus that is likely to further dampen demand, according to official data released on Tuesday.
Total petroleum product consumption in December 2021 stood at 18.43 million tonnes, compared with 18.36 million tonnes in the same month last year. This after a rise in demand for transport fuel was negated by a fall in industrial fuel.
The consumption was 7.6 per cent higher month-on-month but was still 2.7 per cent lower than pre-COVID-19 levels of 2019, according to the data released by the oil ministry’s Petroleum Planning and Analysis Cell (PPAC).
