New Delhi: Data released by the Planning and Analysis Cell of the Union Petroleum Ministry revealed that the fuel demand has touched a three-year high in March. The petrol consumption was at all-time high in last month.
As per the data, the consumption of fuel, a proxy for oil demand, rose 4.2% from the same month last year to 19.41 million tonnes, its highest since March 2019’s record high. Sales of petrol were 6.2% higher from a year earlier at 2.91 million tonnes, their highest ever.
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Diesel consumption surged by 6.7% to 7.7 million tonnes. Diesel is the most used fuel in India and it accounts for the 40% of all petroleum product consumption. Cooking gas (LPG) demand grew by 9.8% to 2.48 million tonnes in March .Fuel demand in the fiscal year ending March 31, 2022 was up 4.3% at 202.71 million tonnes, the highest since FY20.
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