India’s Sept oil demand zooms by 8.1% YOY; gasoline sale jumps by 8.8%

New Delhi: In comparison to the same month last year, India’s fuel demand increased by 8.1% in September.

Fuel consumption, a proxy for oil demand, totalled 17.18 million tonnes, according to information released on Friday by the Oil Ministry’s Petroleum Planning and Analysis Cell (PPAC).

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At 2.83 million tonnes, gasoline sales were 8.8% higher than they had been a year prior.

Sales of cooking gas, also known as LPG, rose 3.5% to 2.45 million tonnes, while those of naphtha decreased 6.4% to 1.08 million tonnes.

Fuel oil use increased by 9% in September, while bitumen sales, which are used to build roads, increased by nearly 16%.

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