India’s August fuel demand rises 11.4 pct y/y

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• on September 14, 2016
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India’s fuel demand in August rose 11.4 percent from a year. Earlier, driven by a spurt in transportation fuels, data released by the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Local fuel consumption, a proxy for oil demand, totalled 15.80 million tons in August, the data showed. Diesel consumption, which accounts for more than 40 percent of local fuel sales, rose by 13.2 percent while that of gasoline surged by about 25 percent. Pat O’Donnell Authentic Jersey

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