 "Savings for Indian refiners from purchasing Russian oil have decreased to a third of what they were in the years following Russia's invasion of Ukraine, which triggered global crises, sanctions, and discounted Russian oil seeking buyers. Despite this")
Sales of bitumen, used for making roads, were 0.4 per cent up, while fuel oil use edged up 6.1 per cent in Sept. | Representative Picture
India’s fuel demand fell 1.6 per cent in September compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday.
Consumption of fuel, a proxy for oil demand, totalled 17.92 million metric tons in September versus 18.41 million metric tons in August, the data showed.
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Sales of gasoline, or petrol, were 3 per cent higher from a year earlier at 3.15 million metric tons. Diesel consumption was down 1.8 per cent and totaled 6.37 million metric tons in September.
Cooking gas or liquefied petroleum gas (LPG) sales increased 1.6 per cent to 2.59 million metric tons, while naphtha sales up 0.6 per cent to 1.03 million metric tons.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Oct 07 2024 | 6:30 PM IST
