India’s fuel demand rises

BENGALURU: India’s December fuel demand rose about 0.4 percent year-on-year, data from the oil ministry’s Petroleum Planning and Analysis Cell showed on Tuesday. Fuel consumption, a proxy for oil demand, totalled 18.43 million tonnes, down 2.7 percent from December 2019. Consumption of diesel, which accounts for about 40 percent of India’s refined fuel sales, was up 1.6 percent year-on-year to 7.31 million tonnes and was down about 1.1 percent from two years ago.