India’s fuel demand jumps in November
New Delhi: India’s fuel demand increased in November amidst the domestic economy battling a severe demand slowdown.
According to data from the Petroleum Planning and Analysis Cell (PPAC), the consumption of petroleum products last month increased to 18.76 million tonnes (mt); a 10.5% jump from 16.98 mt in November last year. The increase was primarily on account of transportation fuel such as diesel and petrol.
Also, the consumption of bitumen used in road construction in Asia’s third-largest economy went up in November as compared to the corresponding month last year.
