{"id":483903,"date":"2022-04-12T11:04:20","date_gmt":"2022-04-12T05:34:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=483903"},"modified":"2022-04-12T11:04:20","modified_gmt":"2022-04-12T05:34:20","slug":"fuel-demand-hits-3-year-high-in-march-petrol-sales-at-all-time-peak","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fuel-demand-hits-3-year-high-in-march-petrol-sales-at-all-time-peak\/","title":{"rendered":"Fuel demand hits 3-year high in March, petrol sales at all-time peak"},"content":{"rendered":"<p>NEW DELHI: Fuel demand rose to a three-year high in March, with petrol sales hitting an all-time peak, as the market accumulated supplies foreseeing price spikes, despite which the outlook for the country&#8217;s post-pandemic economic recovery remains promising.<br \/>\nConsumption of fuel, a proxy for oil demand, rose 4.2% from the same month last year to 19.41 million tonnes, its highest since March 2019, according to the country&#8217;s oil ministry&#8217;s Petroleum Planning and Analysis Cell data as on April 9.<br \/>\n&#8220;March oil demand was strongly supported by stockpiling activity\/hoarding in anticipation of a rise in petrol and diesel prices in the later part of the month,&#8221; UBS analyst Giovanni Staunovo said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Fuel demand rose to a three-year high in March, with petrol sales hitting an all-time peak, as the market accumulated supplies foreseeing price spikes, despite which the outlook for the country&#8217;s post-pandemic economic recovery remains promising. Consumption of fuel, a proxy for oil demand, rose 4.2% from the same month last year to 19.41 million tonnes, its highest since March 2019, according to the country&#8217;s oil ministry&#8217;s Petroleum Planning and Analysis Cell data as on April 9. &#8220;March oil demand was strongly supported by stockpiling activity\/hoarding in anticipation of a rise in petrol and diesel prices in the [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-483903","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=483903"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483903\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=483903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=483903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=483903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}