India’s fuel demand hits 9-month high in Dec due to uptick in PV sales
(Reuters) – India’s fuel demand reached a nine-month high in December, helped by strong industrial activity and a rise in gasoline consumption due to an uptick in passenger vehicle sales.
Consumption of fuel, a proxy for oil demand, was about 4% higher than the previous month, and rose 3.1% year-on-year to 19.60 million tonnes in December, data from Indian oil ministry’s Petroleum Planning and Analysis Cell (PPAC) showed on Monday.
