{"id":561627,"date":"2023-03-10T09:49:59","date_gmt":"2023-03-10T04:19:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=561627"},"modified":"2023-03-10T11:00:13","modified_gmt":"2023-03-10T05:30:13","slug":"indias-february-fuel-demand-hit-at-least-24-year-high-shows-data","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-february-fuel-demand-hit-at-least-24-year-high-shows-data\/","title":{"rendered":"India&#8217;s February fuel demand hit at least 24-year high, shows data"},"content":{"rendered":"<p>India&#8217;s fuel demand hit its highest level in at least 24 years in February, data showed on Thursday, with industrial activity in Asia&#8217;s third biggest economy boosted by cheap Russian oil.<\/p>\n<p>Consumption of fuel, a proxy for oil demand, rose by more than 5% to 4.82 million barrels per day (18.5 million tonnes) in February, its 15th consecutive year-on-year rise, data showed.<\/p>\n<p>Demand was the highest recorded in data compiled by the Indian Oil Ministry&#8217;s Petroleum Planning and Analysis Cell (PPAC) going back to 1998.<\/p>\n<p>The strength highlights a combination of profitable refining from record Russian crude imports in February, total utilization for primary distillation across India and still-robust domestic consumption, said Viktor Katona, lead crude analyst at Kpler.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s fuel demand hit its highest level in at least 24 years in February, data showed on Thursday, with industrial activity in Asia&#8217;s third biggest economy boosted by cheap Russian oil. Consumption of fuel, a proxy for oil demand, rose by more than 5% to 4.82 million barrels per day (18.5 million tonnes) in February, its 15th consecutive year-on-year rise, data showed. Demand was the highest recorded in data compiled by the Indian Oil Ministry&#8217;s Petroleum Planning and Analysis Cell (PPAC) going back to 1998. The strength highlights a combination of profitable refining from record Russian crude imports in February, [&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-561627","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\/561627","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=561627"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/561627\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=561627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=561627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=561627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}