India’s August fuel demand rises 16.3% year-on-year

India’s fuel demand rose 16.3% in August compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.81 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed on Wednesday.Sales of gasoline, or petrol, were 11.6% higher from a year earlier at 3 million tonnes.Cooking gas or liquefied petroleum gas (LPG) sales increased 3% to 2.39 million tonnes, while naphtha sales jumped 23.5% to 1.16 million tonnes.Sales of bitumen, used for making roads, were up about 51%, while fuel oil use edged up 16.5% in August.

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