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India's July fuel demand rises 6.1% year-on-year

08/08/2022 | 03:51pm EDT
People get their two-wheelers filled with petrol at a fuel station in Ahmedabad

 
    Aug 8 (Reuters) - India's fuel demand in July rose 6.1%
year-on-year, but fell 5.7% from the previous month, 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 17.62
million tonnes in July, down from 18.68 million tonnes in June. 
    Sales of gasoline, or petrol, were 6.8% higher from a year
earlier at 2.81 million tonnes.
    Gasoline and gas oil sales by Indian state refiners in July
fell from a month earlier as monsoon rains restricted mobility
and construction work while high inflation curtailed overall
demand for goods, per preliminary sales data. 
    Cooking gas or liquefied petroleum gas (LPG) sales increased
1.7% to 2.41 million tonnes, while naphtha sales fell 6.2% to
1.14 million tonnes.
    Sales of bitumen, used for making roads, were up 1.4%, while
fuel oil use edged up 19.8% in July.

    DOMESTIC SALES (in million tonnes):   
            2022    2022    2022    2021    2021    2021
            July   June     May     July   June     May
 Diesel     6.64    7.68    7.29    5.53    6.20    5.53
 Petrol     2.81    2.97    3.02    2.63    2.41    1.99
 LPG        2.41    2.23    2.17    2.37    2.25    2.16
 Naphtha    1.14    1.04    0.90    1.21    1.19    1.25
 Jet fuel   0.58    0.59    0.60    0.32    0.26    0.27
 Kerosene   0.02    0.05    0.07    0.13    0.14    0.14
 Fuel Oil   0.56    0.54    0.54    0.47    0.50    0.42
 Bitumen    0.44    0.70    0.70    0.43    0.58    0.66
 TOTAL     17.62   18.67   18.26   16.60   15.84   14.76
 
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.
    

 (Reporting by Seher Dareen in Bengaluru; Editing by Leslie
Adler and Marguerita Choy)
  

© Reuters 2022
Stocks mentioned in the article
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