Bulletin Updates
India's January fuel demand falls as oil prices tick up – 10 Feb 2021
Feb 10, 2021
India's fuel consumption in January registered its first month-on-month decline in five months, as an uptick in global oil prices posed a roadblock to a gradual recovery in demand from the world's third-largest oil consumer.
Consumption of fuel, a proxy for oil demand, fell to 18.01 million tonnes in January, which was 3.2 per cent below last month, and 3.9 per cent lower than a year earlier, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Tuesday.
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