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India s oil demand falls 5% in February

India s oil demand falls 5% in February Photo: ReutersPremium . Updated: 12 Mar 2021, 05:01 PM IST PTI Petroleum product consumption fell 4.9% to 17.21 million tonnes in February as demand for both petrol and diesel fell, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas Share Via Read Full Story NEW DELHI : India s fuel consumption fell for the second month in a row in February to its lowest since September as record-high prices hindered demand recovery. Petroleum product consumption fell 4.9% to 17.21 million tonnes in February as demand for both petrol and diesel fell, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas.

India s fuel demand falls to 5-month low at 17 2 MT in February

India s fuel demand falls to 5-month low at 17.2 MT in February Consumption of fuel, a proxy for oil demand, fell 4.9% to 17.2 million tonnes year-on-year in February, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Thursday Reuters | March 12, 2021 | Updated 09:42 IST India s fuel consumption fell for the second month in a row in February to its lowest since September last year as record-high retail prices continued to stonewall a demand recovery for the world s third-biggest oil importer and consumer. Consumption of fuel, a proxy for oil demand, fell 4.9% to 17.2 million tonnes year-on-year in February, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Thursday.

India s fuel consumption falls 5% in February over surge in prices

India s fuel consumption falls 5% in February over surge in prices
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India fuel demand falls 5% in Feb- Business News

India fuel demand falls 5% in Feb Diesel, the most used fuel in the country, fell 8.5 per cent to 6.55 million tonnes while petrol consumption was down 6.5 per cent to 2.4 million tonnes PTI | March 12, 2021 | Updated 22:33 IST Representational Image India s fuel consumption fell for the second month in a row in February to its lowest since September as record-high prices hindered demand recovery. Petroleum product consumption fell 4.9 per cent to 17.21 million tonnes in February as demand for both petrol and diesel fell, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas. Petrol and diesel prices across the country rose to their highest levels last month before state-owned fuel retailers put on hold any further price increase ostensibly to contain political fallout for the ruling party in the ensuing assembly elections in states like West Bengal.

India s February fuel demand falls to 5-month low

India s February fuel demand falls to 5-month low SECTIONS Last Updated: Mar 11, 2021, 10:03 PM IST Share Synopsis Consumption of fuel, a proxy for oil demand, fell 4.9% to 17.2 million tonnes year-on-year in February, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Thursday. In January, India had registered its first month-on-month decline in five months. India s fuel consumption fell for the second month in a row in February to its lowest since September last year as record-high retail prices continued to stonewall a demand recovery for the world s third-biggest oil importer and consumer.

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