{"id":542164,"date":"2022-12-12T09:32:50","date_gmt":"2022-12-12T04:02:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=542164"},"modified":"2022-12-12T10:15:21","modified_gmt":"2022-12-12T04:45:21","slug":"fuel-demand-in-india-hits-eight-month-peak-in-november-amid-festivals","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fuel-demand-in-india-hits-eight-month-peak-in-november-amid-festivals\/","title":{"rendered":"Fuel demand in India hits eight-month peak in November amid festivals"},"content":{"rendered":"<p>India&#8217;s fuel demand climbed to an eight-month high in November, government data released on Friday showed, as festivals and a pick-up in industrial activity boosted sales in the world&#8217;s No. 3 oil consumer. <\/p>\n<p>Consumption of fuel, a proxy for oil demand, was 2.4% higher than the previous month, and rose 10.2% year-on-year to 18.84 million tonnes in November, according to the data from Indian oil ministry&#8217;s Petroleum Planning and Analysis Cell (PPAC). <\/p>\n<p>&#8220;The festive season has been supporting oil demand growth,&#8221; said Refinitiv analyst Ehsan Ul Haq. <\/p>\n<p>&#8220;Demand growth might slow slightly in the next few months as present expansion has been from a low base, but since the Indian economy is robust, we&#8217;ll continue to see high consumption numbers,&#8221; Ul Haq added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s fuel demand climbed to an eight-month high in November, government data released on Friday showed, as festivals and a pick-up in industrial activity boosted sales in the world&#8217;s No. 3 oil consumer. Consumption of fuel, a proxy for oil demand, was 2.4% higher than the previous month, and rose 10.2% year-on-year to 18.84 million tonnes in November, according to the data from Indian oil ministry&#8217;s Petroleum Planning and Analysis Cell (PPAC). &#8220;The festive season has been supporting oil demand growth,&#8221; said Refinitiv analyst Ehsan Ul Haq. &#8220;Demand growth might slow slightly in the next few months as present expansion [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-542164","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/542164","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=542164"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/542164\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=542164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=542164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=542164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}