• India’s fuel demand fell 15.6% y/y in August

    India’s fuel demand fell 15.6% in August compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 14.39 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed

    Sales of gasoline, or petrol, were 7.5% lower from a year earlier at 2.38 million tonnes. Cooking gas or liquefied petroleum gas (LPG) sales decreased 5.1% to 2.28 million tonnes, while naphtha sales fell 6.6% to 1.07 million tonnes.

    Sales of bitumen, used for making roads, were 21.5% up, while fuel oil use edged up 0.4% in August.

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