• Oil consumption falls for third month in a row

    India’s oil consumption fell for the third straight month in March as the demand growth in diesel, petrol and other products came to a crawl.

    The oil demand fell by 0.65% in March to 17,358 thousand metric tonnes (TMT). The country consumed 6,805 TMT of diesel in March, compared with 6,783 TMT in the year-ago period. Demand for petrol was 2,106 TMT as against 2,047 TMT in March 2016.

    The oil consumption rose sharply in the first nine months of 2016-17 but decelerated in the last quarter. The annual rise in oil demand in 2016-17 was 5%. Oil consumption had fallen 3% in February and 4% in January.

    In 2016-17, demand for diesel rose 1.8% and petrol 8.6%. Consumption of jet fuel rose 12% in the year.  Travis Wood Jersey

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