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The country’s overall petroleum product consumption, a proxy for crude oil demand, rose 9 per cent YoY and 8 per cent MoM in May to 20.03 million tonnes. But it was lower than the record level of 20.50 million tonnes in March this year.
Sales of gasoline rose 16.4% to 3.35 million tonnes and sales of diesel increased around 5% to 8.22 million tonnes in May from the previous month, the data dated on Wednesday showed.
Retail prices of diesel and petrol have remained flat since November 2022, despite the volatility in the global crude prices.
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(Adds analyst comments, data milestones, details on sales) May 9 (Reuters) - India's fuel consumption eased in April from record highs seen the previous month, official data showed on Monday, but sales of diesel scaled a new ... | 09:30pm