86549
India's Oil Demand Surges
India's Oil Demand Surges

India's Oil Demand Surges

India's Oil Demand Surges

India’s oil consumption surged 4.5% in April, as industrial activity gathered pace in Asia’s third-largest economy and sales of trucks and buses soared. The nation’s total oil demand expanded to 17.7 million tons in the month from 16.9 million a year ago, rising for eight straight months, according to the Indian Oil Ministry’s Petroleum Planning & Analysis Cell, World Oil reported. Demand for diesel, which accounts for about 40% of India’s oil consumption, increased 2.7% to 7.2 million tons. Demand for diesel is typically muted in April, as farming consumption shrinks following the harvest season in March. Gasoline consumption was about 9.3% higher at 2.3 million tons. Liquefied petroleum gas usage gained 13% to 1.9 million tons. Demand for petroleum coke shrunk 0.7% to 2.2 million tons. India’s industrial and economic growth has picked up in recent months. Core sector industrial production rose 4.1% in March.

Short URL : https://goo.gl/q6v3d5
  1. https://goo.gl/dHCftU
  • https://goo.gl/YkKhaP
  • https://goo.gl/D4uPh1
  • https://goo.gl/Eg4e6S
  • https://goo.gl/S2HDne

You can also read ...

Zanganeh to Attend OPEC, Non-OPEC Committee Meeting
Iran's Oil Minister Bijan Namdar Zanganeh will attend a...
S. Korea Iran Crude Imports Up 15%
South Korea’s imports of Iranian crude rose around 15% in July...
China Rejects US Sanctions, Vows to Continue Iran Crude Purchase
As the US and Iran continue to trade barbs over the...
Indonesia Cuts Oil Imports
Indonesia’s PT Pertamina will get an extra 225,000 barrels per...
UK's Quercus Halts Iran Renewable Project
British renewable energy investor Quercus said it will halt...
Venezuela Braces for Pricey Gasoline
Gasoline prices in Venezuela will soon catch up with world...
India Vying for US Waiver
India, the second biggest crude customer of Iran, may cut its...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus