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India’s October fuel demand rose about 2.5% y-o-y

India’s fuel demand rose about 2.5% in October compared with a year earlier, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed on Thursday.

Consumption of fuel, a proxy for oil demand, totalled 17.78 million tonnes, the data showed.

Demand for diesel, which is widely used for transportation as well as for irrigation needs in India, climbed 7.4% year-on-year to 6.99 million tonnes.

Sales of gasoline, or petrol, rose by about 4.3% from a year earlier to 2.65 million tonnes.

Cooking gas, or liquefied petroleum gas (LPG), sales increased by about 3% to 2.42 million tonnes, while naphtha sales rose by 15% to 1.30 million tonnes.

Sales of bitumen, used for making roads, rose about 47%, and fuel oil increased by about 12.8% last month.

NOTE: Total figures may not tally because not all items are included in the table, and numbers are rounded. The numbers for previous months may have been revised.

DOMESTIC SALES (in million tonnes):     
    
               2020    2020    2020    2020    2019    2019    2019    2019
 PRODUCTS      OCT     SEPT    AUG     JULY    OCT     SEPT    AUG     JULY
 Diesel        6.99    5.49    4.85    5.51    6.51    5.84    6.12    6.84
 Petrol        2.65    2.45    2.38    2.26    2.54    2.37    2.57    2.52
 LPG           2.42    2.27    2.27    2.26    2.35    2.16    2.40    2.22
 Naphtha       1.30    1.14    1.08    1.28    1.13    1.10    1.37    1.47
 Jet fuel      0.35    0.31    0.26    0.23    0.70    0.65    0.67    0.66
 Kerosene      0.14    0.17    0.13    0.16    0.17    0.18    0.23    0.20
 Fuel Oil      0.53    0.49    0.51    0.51    0.47    0.53    0.48    0.57
 Bitumen       0.66    0.44    0.32    0.39    0.45    0.32    0.23    0.41
 TOTAL        17.78   15.49   14.43   15.60   17.34   16.19   17.13   17.99

Source: Reuters (Reporting by Sumita Layek in Bengaluru; editing by David Evans)

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