India’s fuel consumption reportedly saw a 7-month high in December 2023 to about 20.054 million metric tons, marking expansion in economic activities in the South Asian country.
Total consumption, a proxy for oil demand, last month rose by 6.2 percent from 18.89 million tons in November, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed, Reuters reported.
It was up around 2.6 percent compared with the same period a year earlier.
Sales of diesel, mainly used by trucks and commercially-run passenger vehicles, rose by 0.9 percent month-on-month to 7.60 million tons, while sales of gasoline in December slipped 4.5 percent from the previous month to 2.99 million tons.
Sales of sports utility vehicles rose in December, while small car sales fell despite high discounts, data from Indian automakers showed last week.
Sales of bitumen, used for making roads, rose by 12.9 percent from November, while fuel oil use increased by 9.6 percent in December.
Cooking gas, or liquefied petroleum gas, sales rose by 5.6 percent to 2.63 million tons, while naphtha sales jumped by 27.9 percent to about 1.33 million tons, the data showed.
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