India's fuel consumption rose by 6.9% year-on-year to 13.79 million tons in August as weak monsoon rains spurred demand for diesel from the agriculture sector, as per data compiled by Petroleum Planning and Analysis Cell.
Annual rate of growth in diesel consumption, which makes up more than 40% of local fuel sales, was the highest in four months in August at 6.3%. Local sale of gasoline last month jumped an annual 10.6%. India's oil imports in August jumped about 7.8% to about 4.1 million barrels per day or 17.23 million tons from a year earlier, data showed. Imports of oil products leaped 37.5%, while exports rose about 12.5%.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: