The oil ministry’s Petroleum Planning and Analysis Cell (PPAC) in its latest data showed that fuel demand of India increased by 4.0 percent in the month of October 2018, as compared to the same month of last year.
According to the PPAC data, consumption of fuel, a proxy for oil demand, totalled 17.99 million tonnes. Besides, sales of gasoline, or petrol, were 4.6 percent higher from a year earlier at 2.33 million tonnes.
Cooking gas or liquefied petroleum gas (LPG) sales increased 4.8 percent to 2.07 million tonnes, while naphtha sales surged 4.6 percent to 1.23 million tonnes. Sales of bitumen, used for making roads, were 42.9 percent up, while fuel oil use edged lower 0.5 percent in October.
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