India’s fuel demand rises 5.7% YoY in February on strong factory output

India’s fuel consumption rose 5.7% year-on-year in February, government data showed on Thursday, helped by strong factory activity in the world’s third-biggest oil importer and consumer.

Total consumption, a proxy for oil demand, totalled 19.72 million metric tons (4.98 million barrels per day) in February, up from 18.66 million tons last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.