India's Petrol Sales Rise 1.5% From November, Cooking Gas Demand Up 7%
Consumption of fuel in the country rose 4.1 per cent to 18.6 million tonnes in December, the highest since January 2020, scaling an 11-month peak
Updated: January 09, 2021 11:33 am IST
Petrol sales rose 1.5 per cent from November to 2.7 million tonnes and by an annual 9.3 per cent
India's fuel consumption in December rose for a fourth straight month as economic activity and transport demand continued to recover from a coronavirus-led hiatus. Consumption of fuel, a proxy for oil demand, rose 4.1 per cent to 18.6 million tonnes in December, the highest since January 2020, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Friday. However, on an annual basis, demand slipped by 1.8 per cent, indicating that consumption in Asia's third-largest economy hasn't yet reached pre-pandemic levels.