India's fuel consumption soars to a seven month high in December

Updated : Jan 08, 2024 15:52
|
Editorji News Desk

India's fuel consumption has hit a seven month high in December to about 20.054 million metric tons. As per Petroleum Planning and Analysis Cell (PPAC) of the oil ministry, total consumption  in December rose by 6.2% from 18.89 million tons in November.

Compared with the same period a year earlier, it was up around 2.6%.

Fuel Consumption

Sales of diesel which is primarily used by trucks and commercially-run passenger vehicles rose by 0.9% month-on-month to 7.60 million tons while the gasoline sales dropped 4.5% from the previous month to 2.99 million tons.

Also Read: India's GDP likely to grow by 7.3% in 2023-24: Government estimates

The sales of bitumen which is used for making roads rose by 12.9% from November, while fuel oil use increased by 9.6% in December. Meanwhile, cooking gas, or liquefied petroleum gas, sales rose by 5.6% to 2.63 million tons. The naphtha sales jumped by 27.9% to about 1.33 million tons, showed the data

Fuel

Recommended For You

editorji | Business

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

editorji | Business

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

editorji | Business

Reliance completes merger of Star Television Productions with Jiostar

editorji | Business

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

editorji | Business

Nifty hits record high after 14 months; Sensex nears all-time peak