India’s March fuel demand jumps 4.2%, hits 3-year high
India’s fuel demand rose 4.2% to a three-year peak in March, compared with the year-ago period, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Monday.
Consumption of fuel, a proxy for oil demand, totalled 19.41 million tonnes, its highest since March 2019.
Sales of gasoline, or petrol, were 6.2% higher at 2.91 million tonnes from a year earlier.
Cooking gas or liquefied petroleum gas (LPG) sales increased 9.9% to 2.48 million tonnes, while naphtha sales fell 13.2% to 1.11 million tonnes.
Sales of bitumen, used for making roads, were 11.6% lower, while fuel oil use advanced 14.4% in March.
