The country’s fuel demand rose by 12.1% in November compared with the same month last year. As per data compiled by the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed that consumption of fuel, a proxy for oil demand, totaled 16.64 million tonnes (MT).
The sales of gasoline, or petrol, were 14.3% higher from a year earlier at 2.03 MT. Cooking gas or liquefied petroleum gas (LPG) sales increased 16.5% to 1.88 MT, while naphtha sales surged 6.9% to 1.08 MT.
Further, sales of bitumen, used for making roads, were 23.3% up, while fuel oil use edged up 12.6% in November.
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