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India’s gasoline demand rose 2.8% YoY in August – Information by Automobilnews.eu

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India’s gasoline demand rose 2.8% YoY in August


India’s gasoline demand rose 2.Eight p.c in August in contrast with the identical month final yr.

Consumption of gasoline, a proxy for oil demand, totalled 17.04 million tonnes, information from the Petroleum Planning and Evaluation Cell (PPAC) of the oil ministry confirmed.

Gross sales of gasoline, or petrol, have been 8.9 p.c increased from a yr earlier at 2.57 million tonnes.

Cooking gasoline or liquefied petroleum gasoline (LPG) gross sales elevated 13.zero p.c to 2.40 million tonnes, whereas naphtha gross sales surged 3.7 p.c to 1.15 million tonnes.

Gross sales of bitumen, used for making roads, have been 23.Eight p.c up, whereas gasoline oil use edged decrease 15.9 p.c in August.Get entry to India’s quickest rising monetary subscriptions service Moneycontrol Professional for as little as Rs 599 for first yr. Use the code “GETPRO”. Moneycontrol Professional affords you all the knowledge you want for wealth creation together with actionable funding concepts, impartial analysis and insights & evaluation For extra data, try the Moneycontrol web site or cellular app.



India’s gasoline demand rose 2.8% YoY in August – Information by Automobilnews.eu
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