India’s oil demand falls second month in a row
Record high fuel prices dragged India’s fuel consumption for the second month in a row in February to its lowest since September, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas.
Petroleum product consumption fell 4.9% to 17.21 million tonnes in February.
Fuel prices across the country rose to reach ₹100 per litre in a few geographies as crude oil prices recovered from their lows last year.
