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Fuel Demand Falls to Five-Month Low in February Over Price Hike
Consumption of fuel, a proxy for oil demand, fell 4.9% in February, data from the Ministry of Petroleum & Natural Gas showed.
A nozzle pumps petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. Photo: Reuters/Francis Mascarenhas/File Photo
Energy12/Mar/2021
Bengaluru: 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 of the Ministry of Petroleum & Natural Gas showed on Thursday. On a monthly basis, demand slipped by 4.6%. ....

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