India’s fuel demand in February rises 5.4% yoy

India’s fuel demand rose 5.4% in February from the same month last year, data from the Oil Ministry’s Petroleum Planning and Analysis Cell (PPAC) showed.

Fuel consumption, an indicator of oil demand, was 17.57 million tons.

Gasoline or petroleum sales were 2.55 million tons, up 3.2% year-on-year.

Sales of cooking gas, or LPG, rose 6.1% to 2.40 million tonnes, while naphtha sales fell 2.4% to 1.19 million tonnes.

Sales of bitumen, used in road construction, rose 3.4%, while fuel oil consumption rose 9.9% in February.

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