Fuel Demand Rose 4% To 17.99 Million Tonnes In October

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Fuel Demand Rose 4% To 17.99 Million Tonnes In October

Cooking gas or liquefied petroleum gas (LPG) sales increased 4.8% to 2.07 million tonnes, while naphtha sales surged 4.6% to 1.23 million tonnes.

Fuel Demand Rose 4% To 17.99 Million Tonnes In October

Sales of gasoline, or petrol, were 4.6 per cent higher from a year earlier at 2.33 million tonnes.

Domestic fuel demand rose 4 per cent in October compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 17.99 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 4.6 per cent higher from a year earlier at 2.33 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 4.8 per cent to 2.07 million tonnes, while naphtha sales surged 4.6 per cent to 1.23 million tonnes.

Sales of bitumen, used for making roads, were 42.9 per cent up, while fuel oil use edged lower 0.5 per cent in October.

In Delhi, petrol is being sold at Rs 77.56 whereas diesel is available at Rs 72.31 per litre. Yesterday, petrol and diesel were retailing for Rs 77.89 and Rs 72.58 per litre respectively in the national capital.

The prices of the fuel in the national capital stand lowest as compared to other metropolitan cities.

In the financial capital Mumbai, petrol price has slipped to Rs 83.07 per litre and diesel to Rs 75.76. On Sunday, the petrol cost at Rs 83.24 and diesel at Rs 75.92 per litre in Mumbai.

The rates of the fuel across India have been slashing due to the slip in the prices of crude oil prices.
The United States recently softened its stand on Iran’s sanctions and given nod to eight oil countries to continue to import oil from Tehran temporarily.
The list includes India, China, South Korea, Japan, Turkey, Italy, the United Arab Emirates and Taiwan.

Fuel prices had earlier witnessed a relentless hike in the country, burning holes in commuters’ pockets. This had even forced the BJP-led Center to slash excise duty to control their prices.

 

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