India’s fuel demand witnessed a jump of 6% in November to 17.4 million tonnes (MT) as diesel consumption showed signs of recovery. The fuel consumption totaled to 16.4 MT in the year-ago period. According to the latest data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry, this mirrors a recovery from 0.9% growth in October, but pales before 10.4% expansion in November last year.
The demand for diesel was up 7.5% at 7.25 MT in November. Its demand had declined by 1.9% in October after a 16.6% jump in September. Petrol sales grew 4.8% at 2.1 MT while cooking gas LPG demand rose 6.7% to 2 MT. Jet fuel consumption too climbed 8.4% to 6,41,000 tonnes but that of naphtha fell 6.1% to 1.01 MT.
Further, pet coke saw a 10.35% jump in consumption to 1.9 MT, while sales of bitumen, used for making roads, were up 16.4% to 6,17,000 tonnes.