India’s fuel demand drops 3.6% in November
India’s fuel demand fell 3.6 per cent year-on-year in November, reversing the return to normal consumption levels attained in the previous month.
Total demand for petroleum products in November fell to 17.83 million tonnes from 18.51 million tonnes a year back, according to provisional data published by the oil ministry’s Petroleum Planning and Analysis Cell.
Fuel consumption, however, posted a month-on-month increase for the third straight month, helped by reviving transportation and business activity.
India consumed 17.75 million tonnes in October – the month in which fuel demand posted its first yearly increase since February as a spurt in diesel demand ahead of the festival season pushed consumption to pre-Covid-19 levels.
