iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

India’s fuel consumption up by 3.3% y-o-y in January

9 Feb 2023 , 11:30 AM

Fuel consumption in India, a proxy for oil demand, increased 3.3% year on year in January to around 18.7 million tonnes, according to data from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC) on Wednesday.

Gasoline, or petrol, sales increased 14.2% to 2.82 million tonnes. Sales of cooking gas or liquefied petroleum gas (LPG) fell 2.1% to 2.51 million tonnes.

The growth in fuel demand is a positive indicator of the recovery of India’s industrial and agricultural sectors, which had been impacted by the COVID-19 pandemic. 

The increasing fuel demand also reflects the improving consumer sentiment, as people are becoming more confident in traveling and spending on transportation. These factors are expected to continue supporting the growth of India’s fuel demand in the coming months.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Fuel Consumption
  • India
  • lpg
  • oil demand
  • Petroleum Planning and Analysis Cell
  • PPAC
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.