India’s fuel consumption rose to a seven-month high in December to about 20.054 million metric tons, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Total consumption, a proxy for oil demand, in December rose by 6.2% from 18.89 million tons in November, data showed. It was up around 2.6% compared with the same period a year earlier.
Sales of diesel, mainly used by trucks and commercially-run passenger vehicles, rose by 0.9% month-on-month to 7.60 million tons.
Sales of gasoline in December slipped 4.5% from the previous month to 2.99 million tons.
Sales of sports utility vehicles rose in December, while small car sales fell despite high discounts, data from Indian automakers showed last week.
Sales of bitumen, used for making roads, rose by 12.9% from November, while fuel oil use increased by 9.6% in December.
Cooking gas, or liquefied petroleum gas, sales rose by 5.6% to 2.63 million tons, while naphtha sales jumped by 27.9% to about 1.33 million tons, the data showed.
(Edited by : Vivek Dubey)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Prajwal Revanna Sexual Assault Case: Activist raises concerns over political interference, delayed investigation in the matter
Apr 30, 2024 10:17 PM
Lok Sabha Election 2024: Baramati election outcome will decide the future of Pawar dynasty, says expert
Apr 30, 2024 10:08 PM
Lok Sabha elections 2024: Baramati to Mainpuri, key battles in phase 3
Apr 30, 2024 7:01 PM