Indias fuel demand fell 0.6% year-on-year in March
Indias fuel demand fell 0.6% year-on-year in March
India`s fuel demand fell 0.6 % in March compared with the same month last year.
Consumption of fuel, a proxy for oil demand, totalled 17.36 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Sales of gasoline, or petrol, were 2.9 % higher from a year earlier at 2.11 million tonnes.
Cooking gas or liquefied petroleum gas (LPG) sales increased 1.9 % to 1.89 million tonnes, while naphtha sales surged 1.8 % to 1.15 million tonnes.
Sales of bitumen, used for making roads, were 12.2 % lower, while fuel oil use edged lower 23.4 % in March.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.