India`s Fuel demand rose 7.5 percent in December

commoditymarkettips

India’s fuel demand rose 7.5 percent in December compared with the same month last year.

 

Consumption of fuel, a proxy for oil demand, totaled 17.39 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

SUBSCRIBE NOW COMMODITY MARKET TIPS AND FREE TRADING TRIALS FOR TWO DAYS CALL ON 9644405056!

Sales of gasoline, or petrol, were 10.3 percent higher from a year earlier at 2.17 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 6.0 percent to 2.06 million tonnes, while naphtha sales fell 1.4 percent to 1.02 million tonnes.

Sales of bitumen, used for making roads, were 3.7 percent up, while fuel oil use edged lower 10.1 percent in December.


For FREE Trading Trials  – (+91) 9644405056

Or mail us here: info@ripplesadvisory.com

Visit us at  www.ripplesadvisory.com

✆ – 0731-2427007 | Customer Care Services