Fuel demand in India hits highest level in 7 months in December: InfoQuest

Business News 15:30 2024-01-08

This was revealed by the Indian Ministry of Energy India’s fuel consumption in December In 2023 stands at the level of 20.054 million tonnes, an increase of 6.2% compared to the level of 18.89 million tonnes of November. The amount of fuel consumption in December was the highest level in 7 months.

When compared to the December 2022 level, India’s fuel consumption in December 2023 increased by about 2.6%.

diesel sales Gasoline, used mainly in trucks and commercial passenger vehicles, rose 0.9% month-on-month in December to 7.60 million tonnes, while December gasoline sales fell 4.5% at 2.99 million tonnes.

This is indicated by information from the Indian Automobile Manufacturers Association. Sales of multipurpose vehicles increased in December. Meanwhile, small car sales have declined. Automakers also offer discounts to consumers.

Sales of bitumen, or bitumen, used to build roads, rose 12.9%, while fuel consumption increased 9.6% in December.

Additionally, sales of cooking gas, or liquefied petroleum gas, increased by 5.6% to 2.63 million tons, while sales of naphtha increased by 27.9% to 1.33 million tons.

By InfoQuest News Agency (08 Jan ’24)

Tags: Ministry of Energy, India, Fuel

2024-01-08 08:46:26
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