India Markets open in 8 hrs 54 mins

India's fuel demand rose 7.4 percent in July

India's fuel demand rose 7.4 percent in July compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 17.06 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 7.8 percent higher from a year earlier at 2.31 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 6.0 percent to 2.04 million tonnes, while naphtha sales surged 60.8 percent to 1.14 million tonnes.

Sales of bitumen, used for making roads, were 52.7 percent up, while fuel oil use edged lower 2.5 percent in July.


(Reporting by NEW DELHI newsroom)